Realterm Logistics Acquires Industrial Property In Des Plaines From XPO Logistics For $50M
SOLD
$50,000,000
Illinois
See Similar DealsIndustrial113,243 SF
Sold 01/18/2022
SOLD
Realterm Logistics Acquires Industrial Property In Des Plaines From XPO Logistics For $50M
401 East Touhy Avenue, Des Plaines, Illinois 60018, United States
See Similar DealsIndustrial113,243 SF
Sold 01/18/2022
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$441
Total Square Footage:113,243 SF
Transaction Type:Sale
The industrial property located at 401 West Touhy Avenue in Des Plaines has been sold. The property spans 113,243 square feet and was sold for a price of $50,000,000, resulting in a price per square foot of $442. The transaction took place on January 18, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $50,000,000
- Address: 401 West Touhy Avenue, Des Plaines
- Market: Des Plaines
- Buyer: Realterm Logistics - Robert Fordi
- Seller: XPO Logistics - Brad Jacobs
The buyer in this transaction was Realterm Logistics, represented by Robert Fordi. The seller was XPO Logistics, represented by Brad Jacobs.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,666,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11
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