Brandon Waters represents the Purchaser of Industrial Property in Chicago for $6.68
SOLD
$6,683,500
Illinois
See Similar DealsIndustrial66,835 SF
Sold 07/02/2024
SOLD
Brandon Waters represents the Purchaser of Industrial Property in Chicago for $6.68
5251 South Millard Avenue
See Similar DealsIndustrial66,835 SF
Sold 07/02/2024
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$100
Total Square Footage:66,835 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$356,453.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,745.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,683.20
Annual Debt Service$380,198.40
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