Marcus & Millichap Sells Fully Occupied Industrial Property In Mokena For $4.1M
9860 Clearvue Court
$4,100,000
$103/SF
Building Size
39,816 SF
Asset Type
Industrial
Closing
May 15, 2023
AI
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
Chicago 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93