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
South Holland 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93