Premier CC Acquires Property From Cadillac Metal & Welding In Addison For $1.09M
225 W Gerri Ln, Addison, IL, 60101
$1,090,000
$66/SF
Building Size
16,357 SF
Asset Type
Industrial
Closing
Jan 29, 2019
AI
The property involved in the transaction is a 16,357-square-foot industrial building located at 225 W Gerri Ln, Addison, IL, 60101. The sale price for this property was $1,090,000.00, reflecting its market value in Addison.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,090,000.00
- Buyer: Premier CC
- Seller: Cadillac Metal & Welding
- Buyer's Representative: Jay Farnam (Lee & Associates)
- Seller's Representative: CBRE
Jay Farnam, the senior vice president of Lee & Associates’ Illinois office, facilitated the successful purchase for Premier CC. In addition, this represents one of three recent industrial transactions brokered by Lee & Associates in DuPage County, which also included two lease agreements in Hanover Park.
Players
Addison 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
14.55%
Cash-on-Cash
-4.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93