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
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.
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