Venture One Real Estate & Kovitz Investment Group Acquire Batavia Industrial Property For $15M
SOLD
$15,000,000
Illinois
See Similar DealsIndustrial4,885,710 SF
Sold 07/20/2020
SOLD
Venture One Real Estate & Kovitz Investment Group Acquire Batavia Industrial Property For $15M
601 Kingsland Dr, Batavia, IL 60510, USA
See Similar DealsIndustrial4,885,710 SF
Sold 07/20/2020
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$3
Total Square Footage:4,885,710 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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