Updated Oct 29, 2024
JEMA Industries, LLC Buys 11,591 SF Industrial Property In Melrose Park
2080 N Hawthorne Ave, Melrose Park...
Building Size
11,591 SF
Asset Type
Industrial
Closing
Apr 11, 2019
About this deal
AI
An 11,591-square-foot, single-tenant warehouse building located at 2080 Hawthorne Avenue in Melrose Park, Illinois was recently sold. The property sits on 1.23 acres and was acquired by logistics company JEMA Industries, LLC. The buyers plan to renovate the entire building for their operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not mentioned
- Address: 2080 N Hawthorne Ave, Melrose Park
- Market: Melrose Park
- Buyer's Representative: Randy Olczyk(Chicagoland Commercial Real Estate), Ray Okigawa(Chicagoland Commercial Real Estate)
- Buyer: JEMA Industries, LLC
- Seller: JG Hessco, LLC
- Square Footage: 11,591
Randy Olczyk and Ray Okigawa represented both the seller, JG Hessco, LLC, and the buyer, JEMA Industries, LLC, in the transaction. They facilitated the sale of this industrial property, demonstrating their expertise in the Melrose Park market.
On the Map
Industrial
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93