Bridge Industrial Acquires Industrial Property In Melrose Park For $22.6M
SOLD
$22,600,000
+ 1
Illinois
See Similar DealsIndustrial
Sold 09/07/2022
SOLD
Bridge Industrial Acquires Industrial Property In Melrose Park For $22.6M
2100 N 15th Ave, Melrose Park, Illinois 60160, United States
See Similar DealsIndustrial
Sold 09/07/2022
+ 1
Summary
ILLINOIS
Asset Type:Industrial
Transaction Type:Sale
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
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,205,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$80,293.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$107,135.53
Annual Debt Service$1,285,626.36
Is there something missing? Send suggestions