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300 County Line Rd, Bensenv...

Updated Oct 29, 2024

ML Realty Partners Acquires Industrial Building In Bensenville From Unknown Seller
SOLDIndustrial

ML Realty Partners Acquires Industrial Building In Bensenville From Unknown Seller

300 County Line Rd, Bensenville, IL, 6...

Building Size

66,939 SF

Asset Type

Industrial

Closing

Nov 22, 2023

About this deal

AI

The 66,939-square-foot industrial building located at 300-330 County Line Road in Bensenville has been acquired by ML Realty Partners. The property features multiple tenants, with three units currently occupied by longstanding tenants. The remaining available space for lease comprises 16,396 square feet, complete with two docks and 1,397 square feet of office space. The transaction price remains undisclosed. Representing the seller were Jeffrey Devine and Steven Disse of Colliers International, while Adam Stokes and Sean Bostrom of Nicolson Porter & List acted on behalf of ML Realty Partners.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Undisclosed
  • Market: Bensenville
  • Buyer: ML Realty Partners
  • Seller: Unknown
  • SF: 66,939
  • BUYER'S REP: Sean Bostrom (NAI Capital)

The industrial acquisition in Bensenville was facilitated by the representation of various key individuals and firms. Notably, Sean Bostrom from NAI Capital served as the buyer's representative in the deal. Additionally, Nicolson Porter & List was involved in representing ML Realty Partners and will be responsible for marketing the remaining available unit for lease.

Players

Sean Bostrom

NAI Global

Broker

1 deal

Broker
ML Realty Partners
ML Realty PartnersBuyer

Bensenville 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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