Updated Dec 4, 2024
Bank Of America Acquires Industrial Property In Joliet For $104.4M
3851 Youngs Rd, Joliet, IL 60434
$104,400,000
$104/SF
Building Size
1,000,000 SF
Asset Type
Industrial
Closing
Aug 29, 2022
About this deal
AI
The industrial property located at 3851 Youngs Road in Joliet has been sold. The transaction took place on 08/30/2022. The property was sold by Nuveen to the buyer, Bank of America. The sale price for this transaction was $104,400,000, with a total area of 1,000,000 square feet. The price per square foot was $104.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $104,400,000
- Address: 3851 Youngs Road, Joliet
- Market: Joliet
Kieth Cockrell represented Bank of America in the purchase of this property.
Players
Joliet Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Illinois industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93