Premier CC Acquires Property From Cadillac Metal & Welding In Addison For $1.09M
SOLD
$1,090,000
Illinois
See Similar DealsIndustrial16,357 SF
Sold 01/29/2019
SOLD
Premier CC Acquires Property From Cadillac Metal & Welding In Addison For $1.09M
225 W Gerri Ln, Addison, IL, 60101
See Similar DealsIndustrial16,357 SF
Sold 01/29/2019
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$66
Total Square Footage:16,357 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,872.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,167.16
Annual Debt Service$62,005.87
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