Updated Feb 25, 2025
Kellen Duggan Of Friedman Real Estate Brokers Sale Of 214000 SF Industrial Property In Chicago Heights
317 East 11th Street
Building Size
214,000 SF
Asset Type
Industrial
Closing
Feb 24, 2025
About this deal
AI
The property involved in the transaction is an industrial asset, specifically a former Liberty Steel plant situated at 317 East 11th Street in Chicago Heights, IL. The property encompasses a total square footage of 214,000 and is located within the Gary-Joliet corridor. It comprises multiple buildings, equipped with heavy power, and falls under M3 zoning classification.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 214,000
- Address: 317 East 11th Street
- Market: Chicago Heights
- Broker: Kellen Duggan
- Agency: Friedman Real Estate
Kellen Duggan of Friedman Real Estate represented the transaction involving the sale of the industrial property, effectively facilitating the deal within the context of its specific zoning and power requirements.
Players
Chicago Heights 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