facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Industrial

/

Sale

/

1555 Il Route 75 E

Phoenix Investors Acquires Industrial Property From KST Properties In Freeport For $5.61M
SOLDIndustrial

Phoenix Investors Acquires Industrial Property From KST Properties In Freeport For $5.61M

1555 Il Route 75 E

$5,610,000

$11/SF

Building Size

488,000 SF

Asset Type

Industrial

Closing

Oct 25, 2023

AI

The property asset involved in this transaction is located at 1555 Il Route 75 E in Freeport. This industrial asset has a total square footage of 488,000 and was sold for $5,610,000.00.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,610,000.00
  • Address: 1555 Il Route 75 E
  • Market: Freeport
  • Buyer: Phoenix Investors
  • Seller: KST Properties
  • Square Footage: 488,000.0

In this transaction, the buyer, Phoenix Investors, acquired the property from KST Properties. The specific roles of the involved parties in facilitating the deal were essential to its completion, although specific broker representatives are not mentioned in the context provided.

Players

Lyman Phillips

Golden Lion Capital Investments

Broker

$439.2M

vol

26 deals

Broker
Phoenix Investors
Phoenix InvestorsBuyer

KST Properties

Seller
Seller

Freeport Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93