Updated Jan 28, 2025
High Street Logistics Properties Acquires Industrial Asset At 777 Hickory Hill Drive For $28M
777 Hickory Hill Drive
$28,000,000
$95/SF
Building Size
294,834 SF
Asset Type
Industrial
Closing
Nov 8, 2024
About this deal
AI
The property involved in the transaction is located at 777 Hickory Hill Drive, Vernon Hills. This industrial asset encompasses a total area of 294,834 square feet and has a sale price of $28,000,000, translating to a price per square foot of $94.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28,000,000
- Address: 777 Hickory Hill Drive
- Market: Vernon Hills
- Square Footage: 294,834
- Price Per Square Foot: $94
- Buyer: High Street Logistics Properties
- Seller's Representatives: Gordon Lamphere, Nicholas Panarese & Charles Lamphere - Van Vlissingen and Co.
The transaction highlights significant individuals in the deal, including high-level representatives from Van Vlissingen and Co., which played a crucial role in representing the seller. Notable figures such as Gordon Lamphere, Nicholas Panarese, and Charles Lamphere were involved in facilitating this transaction.
On the Map
$28,000,000
$95/SF
Industrial
View full map
Players
Vernon Hills Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Nicholas Panarese III to view all their deals.
Browse Vernon Hills industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93