Updated Sep 18, 2026
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
About this deal
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.
On the Map
$5,610,000
$11/SF
Industrial
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Players
Freeport Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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