KKR Real Estate Select Trust Acquires Bolingbrook Industrial Property For $155M
825 Veterans Parkway, Bolingbrook, Illinois 60440, United States
$155,000,000
$167/SF
Building Size
923,000 SF
Asset Type
Industrial
Closing
Jan 17, 2022
AI
The industrial property located at 775-825 Veterans Parkway & 875-850 Windham Parkway in Bolingbrook has been sold. The property spans an area of approximately 923,000 square feet and is classified as an industrial asset. The transaction took place on 01/17/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $155,000,000
- Market: Bolingbrook
The buyer of the property is KKR Real Estate Select Trust, represented by Henry Kravis and Ben Brudney. On the other hand, the seller of the property is Crow Holdings Industrial.
The property was sold for a price of $155,000,000, resulting in a per square foot value of $168.
Bolingbrook Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93