facebook
Traded Co logo
Submit

Exeter Property Group Acquires Industrial Asset In Chicago From Blackstone For $65.8M

Property Image
SOLD
$65,800,000
Stephen A. Schwarzman
Ward Fitzgerald

Illinois

See Similar Deals
Industrial915,640 SF
Sold 01/11/2022
the dealplayerscompscontact
Property Image
SOLD

Exeter Property Group Acquires Industrial Asset In Chicago From Blackstone For $65.8M

18801 Oak Park Avenue, Tinley Park, Illinois 60477, United States

See Similar Deals
Industrial915,640 SF
Sold 01/11/2022
Stephen A. Schwarzman
Ward Fitzgerald
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$71
Total Square Footage:915,640 SF
Transaction Type:Sale

An industrial property located at 18801 Oak Park Avenue in Chicago has been sold in a recent transaction. The property, spanning 915,640 square feet, was acquired by Exeter Property Group for a total sale price of $65,800,000. The sale price per square foot was $72. The transaction took place on January 11, 2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $65,800,000
  • Address: 18801 Oak Park Avenue, Chicago
  • Square Footage: 915,640
  • Sale Price per Square Foot: $72
  • Buyer: Exeter Property Group - Edward Fitzgerald
  • Seller: Blackstone - Stephen Schwarzman

Edward Fitzgerald of Exeter Property Group represented the buyer in the transaction, while Stephen Schwarzman of Blackstone represented the seller.

Players

Ward Fitzgerald
Exeter Property Group
Ward Fitzgerald
13 deals$728.9M volume
BUYER

Details

SOLD
IMAGE: Edward Fitzgerald & Stephen Schwarzman DATE: 01/11/2022 ADDRESS: 18801 Oak Park Avenue MARKET: Chicago ASSET TYPE: Industrial BUYER: Exeter Property Group - Edward Fitzgerald SELLER: Blackstone - Stephen Schwarzman SALE PRICE: $65,800,000 SF: 915,640 ~ PPSF: $72

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,509,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$233,773.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$311,925.57
Annual Debt Service$3,743,106.84