Bridge Industrial Acquires Industrial Property In Melrose Park For $22.6M
2100 N 15th Ave, Melrose Park, Illinois 60160, United States
$22,600,000
Building Size
—
Asset Type
Industrial
Closing
Sep 6, 2022
AI
The industrial property located at 2100 North 15th Avenue in Melrose Park has been sold in a closed transaction. The property spans approximately 12 acres. The sale took place on September 7, 2022, with a total sale price of $22,600,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $22,600,000
- Address: 2100 North 15th Avenue
- Market: Melrose Park
- Acres: 12
The buyer of the property is Bridge Industrial, represented by Cory Welper. The deal was facilitated by brokers Matthew Stauber, Thomas Rodeno, and Patrick Turner from Colliers.
Players
Melrose Park Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93