Updated Nov 27, 2024
CapitaLand Investment Acquires Industrial Portfolio In Broadview, Alsip, Bensenville, Roselle, Glendale Heights & Aurora For $99M
2500 South 25th Avenue, Broadview, Illinois 60155, United States
$99,000,000
$63/SF
Building Size
1,569,000 SF
Asset Type
Industrial
Closing
Jul 11, 2022
About this deal
AI
The industrial property located at 2500 25th Avenue, 13144 S Pulaski Road, 472-482 Thomas Drive, 540-570 Congress Circle, 490 Windy Point Drive, and 3950 Sussex Avenue in the markets of Broadview, Alsip, Bensenville, Roselle, Glendale Heights, and Aurora, was recently sold. The transaction involved a sale between the seller, Blackstone - Stephen A. Schwarzman, and the buyer, CapitaLand Investment. The sale took place on 07/12/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $99,000,000
- Square Footage: 1,569,000
- Price Per Square Foot: $63
- Address: 2500 25th Avenue, 13144 S Pulaski Road, 472-482 Thomas Drive, 540-570 Congress Circle, 490 Windy Point Drive, and 3950 Sussex Avenue
- Market: Broadview, Alsip, Bensenville, Roselle, Glendale Heights, and Aurora
The buyer, CapitaLand Investment, acquired the property from seller Blackstone - Stephen A. Schwarzman for a sale price of $99,000,000. The industrial property spans a total of 1,569,000 square feet, resulting in a price per square foot of $63.
Players
Broadview 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93