Industrial Outdoor Ventures Acquires Property From Cavalea Continental Freight For $8M In Channahon
SOLD
$8,000,000
Illinois
See Similar DealsIndustrial
Sold 03/21/2017
SOLD
Industrial Outdoor Ventures Acquires Property From Cavalea Continental Freight For $8M In Channahon
23264 S Youngs Rd, Channahon, IL, 6...
See Similar DealsIndustrial
Sold 03/21/2017
Summary
ILLINOIS
Asset Type:Industrial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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