Updated Dec 11, 2024
Duke Realty Acquires Industrial Property In Cicero For $22M
5301 West Roosevelt Road, Cicero, Illinois 60804, United States
$22,000,000
$65/SF
Building Size
338,000 SF
Asset Type
Industrial
Closing
Jan 12, 2022
About this deal
AI
The industrial property located at 5301 West Roosevelt Road in Cicero was recently sold for a total price of $22,000,000. The property spans 338,000 square feet, resulting in a price per square foot of $65.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $22,000,000
The buyer of the property is Duke Realty, represented by Susan Bergdoll and James Connor. On the other hand, the seller is Park-Ohio Industries, represented by Matthew Crawford.
The industrial sale at 5301 West Roosevelt Road, Cicero, Illinois 60804, United States in Cicero, Illinois sold for $22M in 2022. The building is 338,000 square feet, implying about 65 per square foot on the published price. James Connor, Duke Realty appear on the sale alongside Duke Realty. This page is the Cicero, Illinois file for the 5301 West Roosevelt Road, Cicero, Illinois 60804, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Cicero sit in the Market section below. Filter that Cicero industrial set by closing date to see what else sold near 5301 West Roosevelt Road, Cicero, Illinois 60804, United States around 2022. Published consideration for 5301 West Roosevelt Road, Cicero, Illinois 60804, United States is $22M, dated 2022. Cite this Duke Realty Acquires Industrial Property In Cicero For $22M sale when underwriting similar industrial product around Cicero, Illinois.
Players
Cicero 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93