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61-95 Oakwood Road, Lake Zu...

Marcus & Millichap Brokers Sell Lake Zurich Industrial Property For $4.1M
SOLDIndustrial

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

Peter Doughty

Marcus & Millichap

Broker

$82.8M

vol

17 deals

Broker

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