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601 Kingsland Dr, Batavia, ...

Venture One Real Estate & Kovitz Investment Group Acquire Batavia Industrial Property For $15M
SOLDIndustrial

Venture One Real Estate & Kovitz Investment Group Acquire Batavia Industrial Property For $15M

601 Kingsland Dr, Batavia, IL 60510, USA

$15,000,000

$3/SF

Building Size

4,885,710 SF

Asset Type

Industrial

Closing

Jul 19, 2020

AI

The industrial property located at 601-605 Kingsland Drive in Batavia was recently sold for $15,000,000. The property spans across 488,571 square feet, resulting in a price per square foot of $31. This transaction involved the buyer, Venture One Real Estate & Kovitz Investment Group, and the seller, WHI Real Estate Partners. The deal was facilitated by brokers Jeff Devine and Steve Disse of Colliers International.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $15,000,000
  • Square Footage: 488,571
  • Price Per Square Foot: $31
  • Address: 601-605 Kingsland Drive, Batavia
  • Market: Batavia

Jeff Devine and Steve Disse of Colliers International played instrumental roles in facilitating the sale of this industrial property. Their expertise and representation were key in ensuring a successful transaction for both the buyer and the seller.

Players

Venture One Real Estate
Venture One Real EstateBuyer
WP
WHI Real Estate PartnersSeller

Batavia Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93