Trinity Scurto Represents BIRE II LLC In Schiller Park Industrial Sale
9207 Ivanhoe St, Schiller Park, IL, 601...
Building Size
11,000 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
Located in Schiller Park, the industrial property at 9207 Ivanhoe St spans 11,000 square feet. The asset was recently sold in a transaction involving buyer BIRE II LLC and seller Sam Perricone.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Market: Schiller Park
- Buyer's Representative: Trinity Scurto (Brown Commercial Group)
- Seller: Sam Perricone
- Square Footage: 11,000
Trinity Scurto, representing both the buyer and the seller in the deal, facilitated the sale of the fully leased industrial building. This transaction forms part of a series of industrial property sales in the Chicago market, showcasing a trend of expansion and development in the area.
Schiller Park Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93