4-Acre Industrial Property In West Chicago Sold For $4.2M With NAI Hiffman Representation
2351 Powis Road
$4,200,000
Building Size
—
Asset Type
Industrial
Closing
Jan 28, 2025
AI
An undisclosed buyer acquired a 4-acre industrial outdoor storage property located at 2351 Powis Road in West Chicago for a total of $4,200,000. The asset type is industrial, reflecting the property's purpose and zoning within the area.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Address: 2351 Powis Road
- Market: West Chicago
- Acres: 4
- Brokerage Firm: NAI Hiffman
- Brokers: Kelly Disser, Michael Freitag, Bill Byrne, and TJ Feeney
The transaction was facilitated by NAI Hiffman, with Kelly Disser, Michael Freitag, Bill Byrne, and TJ Feeney representing the seller in this deal, coordinating efforts to bring the sale to fruition.
Players
West Chicago Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93