Updated Oct 28, 2024
Intellihot Acquires Industrial Property In Galesburg, IL For $1.3M
2900 West Main Street, Galesburg, Illinois 61401, United States
$1,300,000
Building Size
—
Asset Type
Industrial
Closing
Feb 7, 2022
About this deal
AI
Intellihot, represented by Sridhar Deivasigamani, has purchased an industrial property located at 2900 W. Main St. in Galesburg, IL. The property was sold by Building 4, LLC for a total of $1,300,000. The transaction took place on 02/08/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,300,000
- Address: 2900 W. Main St., Galesburg, IL
- Buyer: Intellihot - Sridhar Deivasigamani
- Seller: Building 4, LLC
The purchase of this industrial property marks a significant move for Intellihot, a company represented by Sridhar Deivasigamani. The property is located at 2900 W. Main St. in Galesburg, IL. The transaction amount for the sale was $1,300,000. The deal was completed on 02/08/2022.
Players
Galesburg Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93