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Pinnacle Systems Inc. Sells Industrial Property In Saint Charles For $2.3M

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SOLD
$2,300,000

Illinois

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Industrial33,113 SF
Sold 03/08/2021
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Property Image
SOLD

Pinnacle Systems Inc. Sells Industrial Property In Saint Charles For $2.3M

3715 Swenson Ave, Saint Charles, IL, USA

See Similar Deals
Industrial33,113 SF
Sold 03/08/2021
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$69
Total Square Footage:33,113 SF
Transaction Type:Sale

Located at 3715 Swenson Ave in Saint Charles, this industrial property was recently sold in a transaction completed on March 8, 2021. The property, owned by Pinnacle Systems Inc., spans a total area of 33,113 square feet. The sale price for this asset was $2,300,000, resulting in a price per square foot of $69.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,300,000
  • Address: 3715 Swenson Ave
  • Market: Saint Charles

The sale of this industrial property was facilitated by the team at Cushman & Wakefield, represented by brokers David Friedland, Michael Magliano, and Michael Manna.

Players

David Friedland
1 deal$2.3M volume
BROKER

Michael (Mike) Magliano
Cushman & Wakefield
3 deals$2.3M volume
BROKER

Michael Manna
Cushman & Wakefield
1 deal$2.3M volume
BROKER

Details

SOLD
IMAGE: Michael Manna, David Friedland & Michael Magliano DATE: 03/08/2021 ADDRESS: 3715 Swenson Ave MARKET: Saint Charles ASSET TYPE: Industrial SELLER: Pinnacle Systems Inc. BROKERS: David Friedland, Michael Magliano & Michael Manna - Cushman & Wakefield PRICE: $2,300,000 SF: 33,113 ~ PPSF: $69

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$8,171.42
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