Updated Dec 21, 2023
Peter Doughty Of Marcus & Millichap Sells Industrial Property For $2.5M In Lansing
2200 Bernice Road, Lansing, IL, USA
$2,500,000
$55/SF
Building Size
45,000 SF
Asset Type
Industrial
Closing
Nov 5, 2020
About this deal
AI
Located at 2200 Bernice Road in Lansing, this industrial property was recently sold in a transaction facilitated by Marcus & Millichap broker, Peter Doughty. The property spans 45,000 square feet and was sold for a price of $2,500,000, resulting in a price per square foot of $56.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Market: Lansing
- Date: 11/06/2020
Peter Doughty, representing Marcus & Millichap, played a pivotal role in facilitating the sale of this industrial property located at 2200 Bernice Road in Lansing.
Lansing 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93