SOLDIndustrial
Industrial Outdoor Ventures Acquires Property From Cavalea Continental Freight For $8M In Channahon
23264 S Youngs Rd, Channahon, IL, 6...
$8,000,000
Building Size
—
Asset Type
Industrial
Closing
Mar 21, 2017
AI
A 19-acre truck and container yard located at 23264 S Youngs Rd, Channahon, IL was sold for $8,000,000.00. The property is situated in the Channahon market and has a square footage of 0.
Summary of transaction details:
- Property Type: Truck and container yard
- Transaction Amount: $8,000,000.00
- Address: 23264 S Youngs Rd, Channahon, IL
- Market: Channahon
- Seller: Cavalea Continental Freight
- Buyers: Industrial Outdoor Ventures
- Seller's Representative: Daniel McGillicuddy - JLL
- Buyer's Representative: Josh Hearne - Cawley Chicago
JLL’s Daniel McGillicuddy and Steve Ostrowski represented the seller, while Cawley Chicago's Josh Hearne represented the buyer in this transaction.
Players
Channahon 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93