Updated Nov 28, 2024
Prologis Acquires Industrial Property In Romeoville For $98M
901 E Bluff Rd, Romeoville, IL 60446, Estados Unidos
$98,000,000
$75/SF
Building Size
1,300,000 SF
Asset Type
Industrial
Closing
Aug 10, 2020
About this deal
AI
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.
On the Map
$98,000,000
$75/SF
Industrial
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Players
Romeoville 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93