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2802 Bloomington Road

Greenstone Partners Facilitates $8.25M Industrial Sale In Champaign, IL
SOLDIndustrial

Greenstone Partners Facilitates $8.25M Industrial Sale In Champaign, IL

2802 Bloomington Road

$8,250,000

$45/SF

Building Size

182,084 SF

Asset Type

Industrial

Closing

Apr 2, 2021

AI

The industrial property located at 2802 Bloomington Road in Champaign, IL has been sold. This property spans an area of 182,084 square feet and was sold for a total price of $8,250,000, resulting in a price per square foot of $45. The transaction took place on February 4, 2021 in the Central Illinois Champaign market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $8,250,000
  • Square Footage: 182,084
  • Price per Square Foot: $45
  • Address: 2802 Bloomington Road, Champaign, IL
  • Market: Central Illinois Champaign, IL

The sale of this industrial property was facilitated by the brokers Jason St. John and Paul Tesdal from Greenstone Partners. They represented the parties involved in this transaction.

Players

Jason St. John

Greenstone Partners

Broker

$200.7M

vol

26 deals

Broker

Champaign 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

1.92%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93