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29778 North Skokie Highway

Marcus & Millichap Sells Lake Bluff Industrial Property For $9.995M
SOLDIndustrial

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

Adam Abushagur

Marcus & Millichap

Broker

$97.3M

vol

44 deals

Broker

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