Updated Jul 2, 2025
Silver Creek Development Acquires Industrial Property In Wilmington For $130M
29900 South Graaskamp Boulevard, Wilmington, IL, USA
$130,000,000
$65/SF
Building Size
2,000,000 SF
Asset Type
Industrial
Closing
Feb 11, 2021
About this deal
AI
The industrial property located at 29900 South Graaskamp Boulevard in Wilmington has been sold. The property spans 91 acres and was sold for a price of $130,000,000. It offers a total square footage of 2,000,000, resulting in a price per square foot of $65.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $130,000,000
- Market: Wilmington
- Address: 29900 South Graaskamp Boulevard
- Acres: 91
Silver Creek Development has acquired the property from Transwestern Development Company. The transaction was facilitated by brokers Eliott Zeitoune and Matthew Schoenfeldt from JLL.
On the Map
$130,000,000
$65/SF
Industrial
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Players
Wilmington 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93