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Dan Kniery And Patrick Kniery Of Re/Max Rising Represent Buyers In $1.2M Bloomington Industrial Sale
SOLD
$1,200,000
Illinois
See Similar DealsIndustrial11,060 SF
Sold 10/14/2024
SOLD
Dan Kniery And Patrick Kniery Of Re/Max Rising Represent Buyers In $1.2M Bloomington Industrial Sale
4 Currency Drive
See Similar DealsIndustrial11,060 SF
Sold 10/14/2024
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$108
Total Square Footage:11,060 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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