Avison Young Investment Management Acquires 906,517 SF Industrial Property In Joliet
3835 Youngs Rd, Joliet, IL 60434
Building Size
906,517 SF
Asset Type
Industrial
Closing
Feb 22, 2022
AI
A 906,517 square foot industrial property located at 3835 Youngs Road in Joliet has been sold. The sale was completed on February 23, 2022. The buyer of the property is Avison Young Investment Management, while the sellers are Clarius Partners LLC and Walton Street Capital LLC. The property was represented by Dominic Carbonari, Rob Wheeler, and Michael Connor from JLL on behalf of the buyer, and Sean Devaney and Peter Moriarty from JLL on behalf of the sellers.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
Dominic Carbonari, Rob Wheeler, and Michael Connor from JLL represented the buyer, Avison Young Investment Management, in this transaction, while Sean Devaney and Peter Moriarty from JLL represented the sellers, Clarius Partners LLC and Walton Street Capital LLC.
Players
Joliet 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