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3715 Swenson Ave, Saint Cha...

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

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

3715 Swenson Ave, Saint Charles, IL, USA

$2,300,000

$69/SF

Building Size

33,113 SF

Asset Type

Industrial

Closing

Mar 7, 2021

AI

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

Cushman & Wakefield

Broker

$2.3M

vol

1 deal

Broker

Saint Charles 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93