Updated Oct 29, 2024
Private LLC Acquires 6000 SF Property In Lombard With Buyer's Rep George Spirrison
710 E Western Ave, Lombard, IL, 60148
Building Size
6,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
A 6,000-square-foot industrial building located at 710 E Western Ave, Lombard, IL, has been sold. The property is situated in Lombard, a northwest suburb of Chicago, and was noted to be 37% vacant at the time of closing.
Summary of transaction details:
- Property Type: Industrial Building
- Transaction Amount: Undisclosed
- Square Footage: 6,000 SF
- Address: 710 E Western Ave, Lombard, IL, 60148
- Market: Lombard
- Buyer's Representative: George Spirrison - CCIM, Simeon Spirrison - CCIM
- Buyer: Private LLC
- Seller: Not provided
Adelphia Properties facilitated this transaction, with George Spirrison and Simeon Spirrison representing the buyer, a private Illinois-based limited liability company. No information regarding the seller was disclosed.
Players
Lombard 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93