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
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