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16660 S Canal St, South Hol...

Actuation Group Acquires 10000 SF Property In South Holland From Mach 5 LLC With Rep Candace Scurto
SOLDIndustrial

Actuation Group Acquires 10000 SF Property In South Holland From Mach 5 LLC With Rep Candace Scurto

16660 S Canal St, South Holland, IL, 6...

Building Size

10,000 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property involved in this transaction is a 10,000-square-foot building located at 16660 S Canal St, South Holland, IL. The asset is situated in the South Holland market and was acquired by the Actuation Group from the seller, Mach 5 LLC.

Summary of transaction details:

  • Property Type: Building
  • Transaction Amount: Not disclosed
  • Address: 16660 S Canal St, South Holland, IL
  • Market: South Holland
  • Buyer: Actuation Group
  • Seller: Mach 5 LLC
  • Buyer's Representative: Candace Scurto
  • Seller's Representatives: Pat Crowley, Candace Scurto
  • Square Footage: 10,000

In this transaction, Candace Scurto represented the buyer, Actuation Group, which is relocating its Indiana office to Illinois to take advantage of Cook County’s Class 8 tax reduction program. Additionally, Pat Crowley worked alongside Scurto to represent the seller, Mach 5 LLC.

Players

Candace Scurto

Broker

4 deals

Broker

South Holland 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93