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

Property Image
SOLD
$4,125,000
Anthony Catanese
James Ziegler
Peter Doughty

Illinois

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Industrial58,955 SF
Sold 03/12/2021
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Property Image
SOLD

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

61-95 Oakwood Road, Lake Zurich, IL, USA

See Similar Deals
Industrial58,955 SF
Sold 03/12/2021
Anthony Catanese
James Ziegler
Peter Doughty
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$70
Total Square Footage:58,955 SF
Transaction Type:Sale

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
Peter Doughty
17 deals$82.8M volume
BROKER
James Ziegler
Marcus & Millichap
James Ziegler
14 deals$69.4M volume
BROKER
Anthony Catanese
Marcus & Millichap
Anthony Catanese
1 deal$4.1M volume
BROKER

Details

SOLD
IMAGE: Peter Doughty, James Ziegler & Anthony Catanese DATE: 03/12/2021 ADDRESS: 61-95 Oakwood Road MARKET: Lake Zurich ASSET TYPE: Industrial BROKERS: Peter Doughty, Anthony Catanese & James Ziegler - Marcus & Millichap PRICE: $4,125,000 SF: 58,955 ~ PPSF: $70

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$220,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,655.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,554.60
Annual Debt Service$234,655.25