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2100 N 15th Ave, Melrose Pa...

Bridge Industrial Acquires Industrial Property In Melrose Park For $22.6M
SOLDIndustrial

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

Matthew Stauber

Colliers

Broker

$22.6M

vol

12 deals

Broker
Bridge Industrial
Bridge IndustrialBrokerage

Cory Welper

Bridge Industrial

Buyer

$48.9M

vol

2 deals

Buyer

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

0.70%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93