Reich Brothers Acquires Industrial Property In Matteson For $17M
21800 Cicero Avenue, Matteson, Illinois 60443, United States
$17,000,000
Building Size
—
Asset Type
Industrial
Closing
Mar 31, 2022
AI
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.
Players
Matteson 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93