Marcus & Millichap Brokers Sell Lake Zurich Industrial Property For $4.1M
61-95 Oakwood Road, Lake Zurich, IL, USA
$4,125,000
$70/SF
Building Size
58,955 SF
Asset Type
Industrial
Closing
Mar 11, 2021
AI
Located at 61-95 Oakwood Road in Lake Zurich, this industrial property was recently sold for $4,125,000. The transaction took place on March 12, 2021. Spanning across 58,955 square feet, the property offers ample space for industrial activities. With a price per square foot of $70, this sale presents a valuable investment opportunity.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,125,000
- Address: 61-95 Oakwood Road, Lake Zurich
- Date: March 12, 2021
- Market: Lake Zurich
- Square Footage: 58,955
- Price per Square Foot: $70
The sale of this industrial property was facilitated by Peter Doughty, Anthony Catanese, and James Ziegler, who represented the parties involved in the deal. These brokers, affiliated with Marcus & Millichap, played a crucial role in the successful completion of the transaction.
Players
Lake Zurich 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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93