Updated Nov 28, 2024
Apollo Global Acquires Industrial Property In Northlake, IL For $84M
400 North Wolf Road, Northlake, IL, USA
$84,000,000
$91/SF
Building Size
915,000 SF
Asset Type
Industrial
Closing
Jul 29, 2020
About this deal
AI
An industrial property located at 400 N. Wolf Road in Northlake, IL has been sold for a total of $84,000,000. The property spans over 915,000 square feet, equating to a price per square foot of $92. With a land area of 47 acres, the price per acre comes to $1,787,234.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $84,000,000
- Address: 400 N. Wolf Road, Northlake, IL
- Market: Northlake, IL
- Size: 915,000 square feet
- Price per Square Foot: $92
- Land Area: 47 acres
- Price per Acre: $1,787,234
The buyer of the property is Apollo Global represented by Marc Rowan. The sale was facilitated by the brokerage firm CenterPoint Properties.
Players
Northlake 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93