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450 Bunker Ct Vernon Hills,...

Galaxy Prowin Acquires Industrial Property In Vernon Hills For $6.45M
SOLDIndustrial

Galaxy Prowin Acquires Industrial Property In Vernon Hills For $6.45M

450 Bunker Ct Vernon Hills, IL 60061, USA

$6,450,000

$102/SF

Building Size

63,210 SF

Asset Type

Industrial

Closing

Aug 9, 2023

AI

An industrial property located at 450 Bunker Court in Vernon Hills, IL has been sold for a price of $6,450,000. The property spans an area of 63,210 square feet and was sold at a price per square foot of $102. The transaction took place on 08/09/2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,450,000
  • Address: 450 Bunker Court, Vernon Hills, IL
  • Market: Vernon Hills, IL

The buyer, Galaxy Prowin, acquired the industrial property from the seller, Van Vlissingen. Whitney Wang from Prospect Equities Real Estate represented the buyer, while Nicholas Panarese from Van Vlissingen and Co. acted as the seller's representative in the deal.

Players

Whitney Wang

Prospect Equities Real Estate

Broker

$11.2M

vol

3 deals

Broker

Van Vlissingen

Van Vlissingen and Co.

Seller

$6.5M

vol

3 deals

Seller

Vernon Hills 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

2.46%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93