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890 Oak Creek Drive, Lombar...

Marcus & Millichap Brokers Sale Of Industrial Property In Lombard For $10.2M
SOLDIndustrial

Marcus & Millichap Brokers Sale Of Industrial Property In Lombard For $10.2M

890 Oak Creek Drive, Lombard, IL, USA

$10,200,000

$128/SF

Building Size

79,462 SF

Asset Type

Industrial

Closing

Nov 2, 2021

AI

An industrial property located at 818-890 Oak Creek Drive in Lombard has been sold for a transaction amount of $10,200,000. The property spans 79,462 square feet and has a price per square foot of $128.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $10,200,000
  • Address: 818-890 Oak Creek Drive
  • Market: Lombard
  • Square Footage: 79,462 SF
  • Price Per Square Foot: $128

Peter Doughty from Marcus & Millichap represented the seller as the broker in this transaction. Additionally, Frank Montalto and Dean Giannakopoulos, also from Marcus & Millichap, served as the mortgage brokers.

Players

Dean Giannakopoulos

Marcus & Millichap

Broker

$96.3M

vol

13 deals

Broker

Lombard 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

1.56%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93