Updated Oct 28, 2024
Realterm Logistics Acquires Industrial Property In Des Plaines From XPO Logistics For $50M
401 East Touhy Avenue, Des Plaines, Illinois 60018, United States
$50,000,000
$441/SF
Building Size
113,243 SF
Asset Type
Industrial
Closing
Jan 18, 2022
About this deal
AI
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.
Players
Des Plaines Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Brad Jacobs to view all their deals.
Browse Illinois industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93