Updated Dec 4, 2024
Brandon Waters represents the Purchaser of Industrial Property in Chicago for $6.68
5251 South Millard Avenue
$6,683,500
$100/SF
Building Size
66,835 SF
Asset Type
Industrial
Closing
Jul 2, 2024
About this deal
AI
The industrial property located at 5251 South Millard Avenue in Chicago was sold for $6,683,500. The asset spans 66,835 square feet, resulting in a price per square foot of $100. The sale was facilitated by TradeLane Properties as the seller, with the buyer's representative being Brandon Waters from KBC Advisors, and the seller's representative being John Basile from NAI Hiffman.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $6,683,500
- Address: 5251 South Millard Avenue
- Market: Chicago
- Buyer's Rep: Brandon Waters - KBC Advisors
- Seller: TradeLane Properties
Brandon Waters from KBC Advisors acted as the buyer's representative in the transaction, while John Basile from NAI Hiffman represented the seller. The deal involved notable individuals who played a crucial role in the successful closure of this industrial property sale in Chicago.
Players
Chicago 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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93