GFH Financial Group Acquires Industrial Property In Chicago For $135M
SOLD
$135,000,000
Illinois
See Similar DealsIndustrial1,501,949 SF
Sold 02/23/2021
SOLD
GFH Financial Group Acquires Industrial Property In Chicago For $135M
29901 S Graaskamp Blvd, Wilmington, IL, USA
See Similar DealsIndustrial1,501,949 SF
Sold 02/23/2021
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$89
Total Square Footage:1,501,949 SF
Transaction Type:Sale
The industrial property located at 29901 S. Graaskamp Blvd in Chicago has been sold in a transaction that closed on 02/23/2021. The property was acquired by GFH Financial Group, represented by Razi Al Merbati and Salem Patel. The sale price for this transaction was $135,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $135,000,000
- Address: 29901 S. Graaskamp Blvd, Chicago
- Market: Chicago
Razi Al Merbati and Salem Patel represented GFH Financial Group as the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,200,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$479,626.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$639,968.87
Annual Debt Service$7,679,626.49
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