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200 Internationale Parkway ...

MDH Partners Acquires Minooka Interstate Logistics Portfolio From Undisclosed Seller In Illinois
SOLDIndustrial

MDH Partners Acquires Minooka Interstate Logistics Portfolio From Undisclosed Seller In Illinois

200 Internationale Parkway North, 1460 Cargo Court & 6225 Minooka Road

Building Size

6,639,423 SF

Asset Type

Industrial

Closing

Dec 10, 2024

AI

The Minooka Interstate Logistics Portfolio, featuring three Class-A industrial facilities, has been acquired by MDH Partners. The properties are fully leased and encompass a total of 2,213,141 square feet, located at 200 International Parkway South, 1460 Cargo Court, and 6225 Minooka Road in the Minooka market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Undisclosed
  • Square Footage: 2,213,141
  • Address: 200 International Parkway South, 1460 Cargo Court & 6225 Minooka Road
  • Market: Minooka
  • Buyer: Jeff Small, Jr. & Houston Hawley - MDH Partners
  • Brokers: Adam Tyler, Mike Tenteris & James Carpenter - Cushman & Wakefield

The portfolio is leased to notable tenants including BMW, Kellanova, and WK Kellogg. The transaction was facilitated by brokers Adam Tyler, Mike Tenteris, and James Carpenter from Cushman & Wakefield, who represented the seller in this acquisition.

Players

James Carpenter

Cushman & Wakefield

Broker

$373.6M

vol

19 deals

Broker

Minooka 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