Commercial Business Properties LLC Acquires Property From TFZ Enterprises With Buyer’s Rep Matthew Collin Lee
4645 138th St, Midlothian, IL, 60445
Building Size
20,273 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property asset involved in the transaction is a building located at 4645 138th St, Midlothian, IL, 60445, within the Crestwood market. This building encompasses a total square footage of 20,273 and features five drive-in doors, tall clear height, and an outdoor storage yard. Additionally, it is fully leased to two tenants and offers convenient access near the I-294 interchange.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not disclosed
- Address: 4645 138th St, Midlothian, IL, 60445
- Market: Crestwood
- Buyer: Commercial Business Properties LLC
- Seller: TFZ Enterprises
- Buyer's Representative: Matthew "Matt" Collin Lee
- Seller's Representatives: Jeffrey Locascio-Entre Commercial Realty LLC, Chris Wilbur-Entre Commercial Realty, Jeff Locascio-Entre Commercial Realty
Matthew "Matt" Collin Lee represented Commercial Business Properties LLC in the acquisition of the property. The seller, TFZ Enterprises, was represented by a team from Entre Commercial Realty, highlighting multiple parties involved in facilitating the successful transaction.
Players
Crestwood 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93