Crestline Products Co. Sells Wheeling Warehouse For $1.9M Near Chicago Executive Airport
200 West Marquardt Drive
$1,900,000
$63/SF
Building Size
30,000 SF
Asset Type
Industrial
Closing
Dec 15, 2023
AI
A 30,000-square-foot suburban warehouse located at 200 West Marquardt Drive in Wheeling has been sold for $1.9 million. The property, which is fully occupied, has been owned by Crestline Products Co. for the past 45 years. The sale was facilitated by brokers Dylan Hyde and Peter Doughty from Marcus & Millichap. Situated near Chicago Executive Airport, the warehouse was purchased by a local private investor.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,900,000
- Address: 200 West Marquardt Drive, Wheeling
- Market: Wheeling
- Square Footage: 30,000
- Price per Square Foot: $63
The sale of the warehouse was overseen by brokers Dylan Hyde and Peter Doughty, representing Marcus & Millichap. They facilitated the transaction between Crestline Products Co. and the local private investor.
Players
Wheeling 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93