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Marcus & Millichap Brokers $4M Sale Of Industrial Portfolio In Princeville And Lafayette

Property Image
SOLD
$4,000,000
Peter Doughty
Darpan Patel
+ 1

Illinois

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Industrial102,000 SF
Sold 12/05/2025
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Property Image
SOLD

Marcus & Millichap Brokers $4M Sale Of Industrial Portfolio In Princeville And Lafayette

610 South Walnut Avenue & 3517 Crouch Street

See Similar Deals
Industrial102,000 SF
Sold 12/05/2025
Peter Doughty
Darpan Patel
+ 1
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$39
Total Square Footage:102,000 SF
Transaction Type:Sale

A two-property industrial portfolio located at 610 South Walnut Avenue in Princeville, Illinois, and 3517 Crouch Street in Lafayette, Indiana, was sold for $4,000,000. The total square footage for this industrial asset is 51,000, with a price per square foot of $78. The properties are fully leased to FCA Packaging.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,000,000
  • Square Footage: 51,000
  • Price per Square Foot: $78
  • Addresses: 610 South Walnut Avenue, Princeville, IL & 3517 Crouch Street, Lafayette, IN

The transaction was brokered by Marcus & Millichap, led by investment specialists Peter Doughty, Brandon Houghtaling, and Dan Yozwiak, with Darpan Patel also participating in securing the buyer.

Players

Peter Doughty
17 deals$82.8M volume
BROKER

Darpan Patel
Marcus & Millichap
18 deals$57M volume(813) 387-4812
BROKER

Dan Yozwiak
Marcus & Millichap
16 deals$53.7M volume(614) 360-9036
BROKER

Brandon Houghtaling
Marcus & Millichap
1 deal$4M volume(312) 327-5406
BROKER

Details

SOLD
IMAGE: Dan Yozwiak, Darpan Patel, Brandon Houghtaling & Peter Doughty DATE: 12/05/2025 ADDRESS: 610 South Walnut Avenue & 3517 Crouch Street MARKET: Princeville, IL & Lafayette, IN ASSET TYPE: Industrial BROKERS: Peter Doughty (@PeterDoughty44), Brandon Houghtaling, Dan Yozwiak & Darpan Patel (@Dp_CRE_NNN) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $4,000,000 SF: 51,000 ~ PPSF: $78 NOTE: Marcus & Millichap brokered the $4 million sale of a two-property industrial portfolio in Princeville, Illinois, and Lafayette, Indiana, fully leased to FCA Packaging. The deal was led by investment specialists Peter Doughty, Brandon Houghtaling, and Josh Caruana, with Dan Yozwiak and Darpan Patel securing the buyer.

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

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49