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742 Glenn Avenue, Wheeling,...

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
SOLDIndustrial

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

Tom Boyle

Lee & Associates

Broker

$109.3M

vol

13 deals

Broker

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