Updated Dec 4, 2024
Dan Kniery And Patrick Kniery Of Re/Max Rising Represent Buyers In $1.2M Bloomington Industrial Sale
4 Currency Drive
$1,200,000
$108/SF
Building Size
11,060 SF
Asset Type
Industrial
Closing
Oct 14, 2024
About this deal
AI
This transaction involved an industrial building located at 4 Currency Drive in Bloomington, sold for $1,200,000. The building spans 11,060 square feet, equating to a price per square foot of $108. It features overhead doors, office spaces, and ample parking.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,200,000
- Square Footage: 11,060
- Price per Square Foot: $108
- Address: 4 Currency Drive
- Market: Bloomington
Jill Spratt of SVN Core 3 represented the seller in this transaction. The local buyers were represented by Dan Kniery and Patrick Kniery from Re/Max Rising.
Players
Bloomington 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93