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3835 Youngs Rd, Joliet, IL ...

Avison Young Investment Management Acquires 906,517 SF Industrial Property In Joliet
SOLDIndustrial

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

Sean Devaney

JLL

Broker

$111.4M

vol

6 deals

Broker
Avison Young
Avison YoungBrokerage
Avison Young
Avison YoungBuyer
Walton Street Capital
Walton Street CapitalSeller
Walton Street Capital
Walton Street CapitalLender

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