Reich Brothers Acquires Industrial Property In Matteson For $17M
SOLD
$17,000,000
Illinois
See Similar DealsIndustrial
Sold 04/01/2022
SOLD
Reich Brothers Acquires Industrial Property In Matteson For $17M
21800 Cicero Avenue, Matteson, Illinois 60443, United States
See Similar DealsIndustrial
Sold 04/01/2022
Summary
ILLINOIS
Asset Type:Industrial
Transaction Type:Sale
An industrial property located at 21800 S. Cicero Ave in Matteson has been sold for a price of $17,000,000. The property spans across 53 acres in size.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $17,000,000
- Address: 21800 S. Cicero Ave
- Market: Matteson
- ACRES: 53
The buyer for this transaction is Reich Brothers, represented by Jonathan Reich. They acquired the property from the seller, WSI. Al Caruana and Britt Casey from Cushman & Wakefield acted as the buyer's representatives in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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