R&D Partners Sells 28000 SF Property At 55 Garden Ave Roselle With Broker Brad Simousek
55 Garden Ave, Roselle, IL, 60172
Building Size
28,000 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
A 28,000-square-foot industrial building located at 55 Garden Avenue in Roselle, IL, has been involved in a sale transaction. The property is situated on 1.76 acres in the Roselle market. The seller of the property was R&D Partners.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Square Footage: 28,000 SF
- Address: 55 Garden Ave, Roselle, IL, 60172
- Market: Roselle
- Seller's Representative: Brad Simousek - Lee & Associates
- Buyer: Unknown
In this transaction, the seller, R&D Partners, was represented by Brad Simousek of Lee & Associates. Additionally, Patrick Stanton of Patrick Commercial Real Estate represented the buyer in the deal. The Lee team has also been retained by the new owner to continue marketing the last available suite in the multi-tenant facility for lease.
Players
Roselle 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