Daily limit: 0/10
Prologis Acquires Fully Leased Industrial Asset In Bolingbrook For $23M
SOLD
$23,000,000
Illinois
See Similar DealsIndustrial240,500 SF
Sold 08/17/2023
SOLD
Prologis Acquires Fully Leased Industrial Asset In Bolingbrook For $23M
900 Carlow Dr Bolingbrook, Il 60490, Usa
See Similar DealsIndustrial240,500 SF
Sold 08/17/2023
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$95
Total Square Footage:240,500 SF
Transaction Type:Sale
A fully leased industrial property located at 900 Carlow Drive in Bolingbrook, Illinois, has been sold for $23 million. The asset, spanning 240,500 square feet, was acquired by Prologis, the world's largest industrial property investor. The deal was completed in the Bolingbrook market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $23,000,000
- Square Footage: 240,500
- Price per Square Foot: $96
- Address: 900 Carlow Drive, Bolingbrook
Prologis, represented by Hamid Moghadam, purchased the fully leased asset from Heitman. The sale comes at a time when the industrial market is experiencing a slowdown after its popularity surged in the commercial real estate industry during the pandemic.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,226,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81
Is there something missing? Send suggestions