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4645 138th St, Midlothian, ...

Commercial Business Properties LLC Acquires Property From TFZ Enterprises With Buyer’s Rep Matthew Collin Lee
SOLDIndustrial

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

Jeff Locascio

Entre Commercial Realty

Broker

$4.1M

vol

3 deals

Broker

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