Updated Sep 5, 2024
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
Champaign 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93