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
Batavia 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93