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4 Currency Drive

Updated Dec 4, 2024

Dan Kniery And Patrick Kniery Of Re/Max Rising Represent Buyers In $1.2M Bloomington Industrial Sale
SOLDIndustrial

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

Jill Spratt

SVN

Broker

$1.2M

vol

1 deal

Broker

Bloomington Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $108 per square foot on a published $1.2M for 11,060 square feet (2024).

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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

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