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Murat Cable LLC Purchases Property From Spell Capital Partners LLC For $17,600 In Schiller Park

Property Image
SOLD
$17,600
Jay Maher
Joe Bronson
+ 1

Illinois

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Property Image
SOLD

Murat Cable LLC Purchases Property From Spell Capital Partners LLC For $17,600 In Schiller Park

9525 River St, Schiller Park, IL, 60176

See Similar Deals
Industrial
Jay Maher
Joe Bronson
+ 1
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Summary

ILLINOIS
Asset Type:Industrial
Transaction Type:Sale

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:

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.

Players

Josh Williams
3 deals$9.9M volume
BROKER

Jay Maher
Avison Young
2 deals$17.6K volume(773) 520-5111
BROKER

Joe Bronson
NAI Global
5 deals$13.8M volume(630) 317-0725
BROKER

Thomas Gath
Newmark
1 deal$17.6K volume(773) 957-1415
BROKER

Details

SOLD
IMAGE: 9525 River St, Schiller Park, IL, 60176 MARKET: Schiller Park SELLER'S REP: Josh Williams - Marcus & Millichap, Jay Maher & Joe Bronson - NAI Hiffman BUYER: Murat Cable LLC SELLER: Spell Capital Partners LLC PRICE: $17,600.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$938.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$62.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$83.43
Annual Debt Service$1,001.20