Updated Dec 21, 2023
Coldwell Banker Commercial Devonshire Realty Sells Industrial Property In Champaign For $9.4M
3310 North Duncan Road, Champaign, Illinois 61822, United States
$9,400,000
$48/SF
Building Size
194,380 SF
Asset Type
Industrial
Closing
May 30, 2022
About this deal
AI
The industrial property located at 3310 N. Duncan Road in Champaign has been sold in a closed transaction. The property spans a total area of 194,380 square feet and is situated in the Champaign market. The sale took place on 05/31/2022, and it was facilitated by A.J. Thoma III from Coldwell Banker Commercial Devonshire Realty. The property was sold for a total price of $9,400,000, resulting in a price per square foot of $48.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,400,000
- Market: Champaign
- Address: 3310 N. Duncan Road
- Broker: A.J. Thoma III - Coldwell Banker Commercial Devonshire Realty
This transaction involved the collaboration of A.J. Thoma III from Coldwell Banker Commercial Devonshire Realty. Their expertise in the market played a crucial role in successfully completing the sale of this industrial property in Champaign.
Players
Champaign 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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93