Updated Sep 9, 2024
Blue West Capital Acquires Industrial Property In Arcola For $2.4M
891 Bob King Drive, Arcola, Illinois 61910, United States
$2,400,000
$32/SF
Building Size
75,000 SF
Asset Type
Industrial
Closing
Oct 11, 2022
About this deal
AI
Located at 891 Bob King Drive in Arcola, this industrial property has recently been sold. The transaction was finalized on October 12, 2022. The property, spanning across 75,000 square feet, was sold for a total price of $2,400,000. This amounts to approximately $32 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Address: 891 Bob King Drive
- Market: Arcola
The sale was made possible through the efforts of Zach Wright and Robert Edwards from Blue West Capital, who represented the sellers in the deal.
On the Map
$2,400,000
$32/SF
Industrial
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Players
Arcola 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93