JV Global Services Acquires Industrial Property In Wheeling For $4.5M With Buyer's Rep Tom Boyle And Seller's Rep David Haigh & Tak O’Haru
742 Glenn Avenue, Wheeling, Illinois 60090, United States
$4,500,000
$37/SF
Building Size
119,115 SF
Asset Type
Industrial
Closing
May 11, 2022
AI
The industrial property located at 742 Glenn Ave in Wheeling was recently sold in a closed transaction. The property spans approximately 6.55 acres and is categorized as an industrial asset. The sale took place on 05/12/2022, and the property was purchased for a total of $4,500,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Address: 742 Glenn Ave
- Market: Wheeling
- Size: 119,115 SF
- Price per Square Foot: $38
The buyer in this transaction was JV Global Services, represented by Jerry Starr. The seller was Tomoegawa. Tom Boyle from Lee & Associates acted as the buyer's representative, while David Haigh from NAI Hiffman and Tak O’Haru from White Cube LLC represented the seller.
Players
Wheeling 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93