Updated Dec 4, 2024
Link Logistics Real Estate Acquires Industrial & Office Property In Waukegan & Zion For $150M
1585-1705 S Waukegan Rd, Waukegan, IL 60085
$150,000,000
Building Size
—
Asset Type
Industrial
Closing
Apr 28, 2022
About this deal
AI
The industrial and office property located at 1585-1705 S Waukegan Rd in Waukegan & Zion was recently sold. The transaction took place on 04/29/2022, with a sale price of $150,000,000. The property is owned by Link Logistics Real Estate and Luke Petherbridge acted as their representative in the deal.
Summary of transaction details
- Property Type: Industrial & Office
- Transaction Amount: $150,000,000
- Address: 1585-1705 S Waukegan Rd
- Market: Waukegan & Zion
Link Logistics Real Estate, represented by Luke Petherbridge, acquired the property located at 1585-1705 S Waukegan Rd. The sale represents a significant investment in the industrial and office market in the Waukegan & Zion area. The transaction was completed on 04/29/2022, with a sale price of $150,000,000.
Waukegan Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Illinois industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93