FCA Acquires Property From FSC Investments In Melrose Park For $710,000
2045 Janice Ave, Melrose Park, IL, 601...
$710,000
$35/SF
Building Size
20,000 SF
Asset Type
Industrial
Closing
Mar 21, 2017
AI
A 20,000 square foot building located at 2045 Janice Ave in Melrose Park was sold for $710,000. The property is situated in the Melrose Park market and was previously owned by FSC Investments.
Summary of transaction details:
- Property Type: Building
- Transaction Amount: $710,000.00
- Address: 2045 Janice Ave, Melrose Park, IL, 601...
- Market: Melrose Park
- Seller: FSC Investments
- Buyer: DG Roofing Solutions
- Seller's Representative: Jeffrey Provenza
- Buyer's Representative: Trinity Scurto - Brown Commercial Group
The transaction involved Jeffrey Provenza representing the seller, FSC Investments, while Trinity Scurto from Brown Commercial Group represented the buyer, DG Roofing Solutions.
Players
Melrose Park 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
22.34%
Cash-on-Cash
-6.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93