Updated Oct 28, 2024
Clear Height Properties & Harbert U.S. Real Estate Acquire Industrial Asset In Crestwood
13530 Kenton Avenue, Crestwood, Illinois 60445, United States
Building Size
131,733 SF
Asset Type
Industrial
Closing
Mar 2, 2022
About this deal
AI
A 131,733 square foot industrial property located at 4725 & 4735 W. 135th Street & 13500 & 13530 S. Kenton Avenue in Crestwood has been sold. The sale took place on March 3, 2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: Clear Height Properties & Harbert U.S. Real Estate
- Broker: Walter Murphy - Lee & Associates Commercial Real Estate Services
The buyer of the property is a partnership between Clear Height Properties and Harbert U.S. Real Estate. The deal was facilitated by Walter Murphy of Lee & Associates Commercial Real Estate Services, who represented the buyer in the transaction.
On the Map
Industrial
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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