CBRE Acquires Industrial Property In Chicago For TradeLane Properties
4444 West Ferdinand Street, Chicago, Illinois 60624, United States
Building Size
138,651 SF
Asset Type
Industrial
Closing
Mar 3, 2022
AI
TradeLane Properties has sold an industrial property located at 4444 W. Ferdinand St. in Chicago. The property spans 138,651 square feet, making it a significant asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
The buyer's representatives in this deal were Kevin Segerson and Philip Deboer from CBRE. On the seller's side, Vern Schultz represented Colliers, with assistance from Byline Bank and Greenberg Traurig LLP.
Players
Chicago Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93