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Marcus & Millichap Sells Fully Occupied Industrial Property In Mokena For $4.1M

Property Image
SOLD
$4,100,000
Brent Holder
Peter Doughty

Illinois

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Industrial39,816 SF
Sold 05/15/2023
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Fully Occupied Industrial Property In Mokena For $4.1M

9860 Clearvue Court

See Similar Deals
Industrial39,816 SF
Sold 05/15/2023
Brent Holder
Peter Doughty
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$103
Total Square Footage:39,816 SF
Transaction Type:Sale

The industrial property located at 9860 Clearvue Court in Mokena, IL has been sold for $4.1 million. This fully occupied property spans 39,816 square feet and is situated near Chicago. It boasts functional amenities, including a 28' clear height, drive-in doors, and a dock. The property is currently leased by Colony Hardware, serving as one of their 57 locations nationwide.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $4,100,000
  • Square Footage: 39,816 SF
  • Price per Square Foot: $103
  • Address: 9860 Clearvue Court, Mokena, IL
  • Market: Mokena

The sale of this industrial property was facilitated by Brent Holder and Peter Doughty from Marcus & Millichap. They represented the buyer and seller in this transaction, showcasing their expertise in the industrial real estate market.

Players

Peter Doughty
Marcus & Millichap
Peter Doughty
17 deals$82.8M volume
BROKER
Brent Holder
Marcus & Millichap
Brent Holder
4 deals$19.5M volume
BROKER

Details

SOLD
IMAGE: Brent Holder & Peter Doughty DATE: 05/15/2023 ADDRESS: 9860 Clearvue Court MARKET: Mokena ASSET TYPE: Industrial BROKERS: Brent Holder & Peter Doughty (@PeterDoughty44) - Marcus & Millichap (@MarcusMillichap_Chicago) SALE PRICE: $4,100,000 SF: 39,816 ~ PPSF: $103 NOTE: Marcus & Millichap has completed the sale of a 39,816-square-foot industrial property in Mokena, IL, near Chicago, for $4.1 million. The property, fully occupied by Colony Hardware, features functional amenities such as a 28' clear height, drive-in doors, and a dock, serving as one of Colony Hardware's 57 locations nationwide.

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

$218,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10