Greenstone Partners Sells Industrial Property In Champaign For $8.2M
SOLD
$8,200,000
Illinois
See Similar DealsIndustrial182,084 SF
Sold 02/11/2021
SOLD
Greenstone Partners Sells Industrial Property In Champaign For $8.2M
2802 West Bloomington Road, Champaign, IL, USA
See Similar DealsIndustrial182,084 SF
Sold 02/11/2021
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$45
Total Square Footage:182,084 SF
Transaction Type:Sale
2802 Bloomington Road in Champaign has been sold for $8,200,000. This industrial property spans 182,084 square feet and has a price per square foot of $45. The transaction took place on 02/11/2021. The property is represented by Greenstone Partners, with Danny Spitz as the broker.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,200,000
- Address: 2802 Bloomington Road, Champaign
- Square Footage: 182,084
- Price per Square Foot: $45
- Transaction Date: 02/11/2021
- Broker: Greenstone Partners - Danny Spitz
The sale of 2802 Bloomington Road in Champaign was facilitated by Danny Spitz of Greenstone Partners. This transaction represents a significant deal in the industrial market in Champaign.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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