KKR Real Estate Select Trust Acquires Bolingbrook Industrial Property For $155M
SOLD
$155,000,000
Illinois
See Similar DealsIndustrial923,000 SF
Sold 01/17/2022
SOLD
KKR Real Estate Select Trust Acquires Bolingbrook Industrial Property For $155M
825 Veterans Parkway, Bolingbrook, Illinois 60440, United States
See Similar DealsIndustrial923,000 SF
Sold 01/17/2022
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$167
Total Square Footage:923,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$8,266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$550,682.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$734,779.08
Annual Debt Service$8,817,348.93
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