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
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.
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