Prologis Acquires Industrial Property In Romeoville For $98M
SOLD
$98,000,000
Illinois
See Similar DealsIndustrial1,300,000 SF
Sold 08/11/2020
SOLD
Prologis Acquires Industrial Property In Romeoville For $98M
901 E Bluff Rd, Romeoville, IL 60446, Estados Unidos
See Similar DealsIndustrial1,300,000 SF
Sold 08/11/2020
Summary
ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$75
Total Square Footage:1,300,000 SF
Transaction Type:Sale
Prologis has recently acquired an industrial property located at 901 Bluff Road in Romeoville. The transaction, which took place on August 11, 2020, involved the purchase of a 1,300,000 square foot asset. The property was sold by Macquarie Real Estate for a total price of $98,000,000, resulting in a price per square foot of $75.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $98,000,000
- Square Footage: 1,300,000
- Price Per Square Foot: $75
- Market: Romeoville
The deal was facilitated by Jeff Devine and Steve Disse from Colliers International who represented both the buyer, Prologis, and the seller, Macquarie Real Estate, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$348,173.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$464,570.00
Annual Debt Service$5,574,839.97
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