Updated Oct 29, 2024
Murat Cable LLC Purchases Property From Spell Capital Partners LLC For $17,600 In Schiller Park
9525 River St, Schiller Park, IL, 60176
$17,600
Building Size
—
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 9525 River St, Schiller Park, IL, 60176. It was sold for $17,600.00 and spans 0 square feet, with 3,000 square feet designated for office space. The industrial park is situated near the Chicago O’Hare International Airport, contributing to its strategic location in the Schiller Park market.
Summary of transaction details:
- Property Type: Industrial Park
- Transaction Amount: $17,600.00
- Address: 9525 River St, Schiller Park, IL, 60176
- Market: Schiller Park
- Seller: Spell Capital Partners LLC
- Buyer: Murat Cable LLC
- Seller's Representatives: Josh Williams - Marcus & Millichap, Jay Maher & Joe Bronson - NAI Hiffman
- Buyer's Representative: Thomas Gath - Newmark Knight Frank
The transaction saw Murat Cable LLC, an independent manufacturer based in Turkey, acquiring the property to enhance its North American customer base. The sale was facilitated by Joe Bronson, Jay Maher, and Josh Williams, representing the seller, while Thomas Gath represented the buyer in this deal.
On the Map
$17,600
Industrial
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Players
Schiller Park 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
901.31%
Cash-on-Cash
-257.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93