Marcus & Millichap Sells Lake Bluff Industrial Property For $9.995M
29778 North Skokie Highway, 29870 North Skokie Highway & 29990 North Skokie Highway
$9,995,000
$49/SF
Building Size
203,637 SF
Asset Type
Industrial
Closing
Feb 8, 2024
AI
Marcus & Millichap has announced the sale of a 67,879-square-foot industrial property located at 29778, 29870, 29990 North Skokie Highway in Lake Bluff, Illinois. The property, consisting of two multi-tenant industrial buildings, was sold for a total of $9,995,000. It features ample outside storage space and is conveniently situated near I-94. The diverse tenant base includes companies from the transportation, automotive, and contracting industries.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,995,000
- Square Footage: 67,879
- Price Per Square Foot: $147
- Address: 29778, 29870, 29990 North Skokie Highway, Lake Bluff, Illinois
- Market: Lake Bluff
The sale was facilitated by Adam Abushagur, Nicholas Kanich, and Tyler Sharp of Marcus & Millichap's Chicago Downtown office. As representatives of the buyers and sellers, they played a crucial role in bringing the deal to fruition.
Note: The above information is based on the announcement made by Marcus & Millichap. No further details were provided in the context.
Players
Lake Bluff 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93