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4105 Fieldstone Rd, Champai...

Updated Sep 5, 2024

Coldwell Banker Brokers $8.2M FedEx-Leased Industrial Building Sale In Champaign
SOLDIndustrial

Coldwell Banker Brokers $8.2M FedEx-Leased Industrial Building Sale In Champaign

4105 Fieldstone Rd, Champaign, IL, 6...

$8,199,999

$53/SF

Building Size

153,030 SF

Asset Type

Industrial

Closing

Nov 22, 2023

About this deal

AI

The industrial building located at 4105 Fieldstone Road in Champaign, Illinois, has been sold for $8.2 million. The property spans 153,030 square feet and is fully leased to FedEx Corp. It features 21 loading doors and two drive-in doors. Originally constructed in 1988 and renovated in 2006, this asset offers a prime industrial space in the Champaign market.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $8,199,999.00
  • Address: 4105 Fieldstone Rd, Champaign, IL
  • Market: Champaign
  • Seller's Rep: Tim Harrington (Coldwell Banker), Zach Wetherell (Coldwell Banker)
  • Buyer: Unknown
  • SF: 153030

Coldwell Banker Commercial Devonshire Realty played a key role in facilitating this transaction, with Tim Harrington and Zach Wetherell representing the seller. The buyer's identity remains undisclosed, maintaining confidentiality around the deal. The establishment's history, with construction dating back to 1988 and subsequent renovation in 2006, underscores its enduring appeal and functionality in the industrial real estate sector.

Players

Tim Harrington

Coldwell Banker

Broker

$16.4M

vol

2 deals

Broker

Champaign Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $53 per square foot on a published $8.2M for 153,030 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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