ExchangeRight Acquires Industrial Property In Effingham, IL For $58.2M

The industrial property located at 711 W. Wabash Ave. in Effingham, IL has been sold for a price of $58,200,000. The property spans across 1,283,360 square feet, resulting in a price per square foot of $45. The transaction took place on December 22, 2021.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $58,200,000

The buyer of the property was ExchangeRight, represented by JRW Realty. The seller was represented by John Redfield, Britt Raymond, and Kyle Fant of the National Net Lease Group (NNLG) at SRS Real Estate Partners.

These key individuals and companies played instrumental roles in the successful completion of the deal. Britt Raymond, John Redfield, and Kyle Fant represented the seller, while JRW Realty represented the buyer ExchangeRight.