Updated Oct 29, 2024
GFH Financial Group Acquires Industrial Property In Chicago For $135M
29901 S Graaskamp Blvd, Wilmington, IL, USA
$135,000,000
$89/SF
Building Size
1,501,949 SF
Asset Type
Industrial
Closing
Feb 22, 2021
About this deal
AI
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.
The industrial sale at 29901 S Graaskamp Blvd, Wilmington, IL, USA in Wilmington, Illinois sold for $135M in 2021. The building is 1,501,949 square feet, implying about 89 per square foot on the published price. This page is the Wilmington, Illinois file for the 29901 S Graaskamp Blvd, Wilmington, IL, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Wilmington sit in the Market section below. Filter that Wilmington industrial set by closing date to see what else sold near 29901 S Graaskamp Blvd, Wilmington, IL, USA around 2021. Published consideration for 29901 S Graaskamp Blvd, Wilmington, IL, USA is $135M, dated 2021. Cite this GFH Financial Group Acquires Industrial Property In Chicago For $135M sale when underwriting similar industrial product around Wilmington, Illinois.
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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