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
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