Tierra Distilling Acquires Industrial Property On Burlington Ave In Clarendon Hills
211 Burlington Ave, Clarendon Hills, I...
Building Size
5,500 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property involved in this transaction is an industrial asset located at 211 Burlington Ave, Clarendon Hills, Illinois. The building encompasses a total of 5,500 square feet and forms part of the Clarendon Hills market. It will be renovated into a new headquarters, tap room, and distillery for Tierra Distilling.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 211 Burlington Ave, Clarendon Hills, IL
- Market: Clarendon Hills
- Buyer's Representative: Trinity Scurto-Brown Commercial Group
- Seller's Representative: Matt Scales-At Properties Commercial
- Buyer: Tierra Distilling
- Seller: Unknown
- Square Footage: 5,500
Trinity Scurto from the Brown Commercial Group represented the buyer, Tierra Distilling, while Matt Scales of @properties represented the seller, a private investor. This transaction fits within a larger context where Trinity Scurto completed three industrial building sales totaling nearly 50,000 square feet in the Chicago market.
Players
Clarendon Hills 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