Intercontinental Real Estate Corp. Acquires Industrial Portfolio In Readville & Hyde Park For $104.7M
Radville, Illinois, United States
$104,700,000
Building Size
—
Asset Type
Industrial
Closing
Aug 24, 2022
AI
The Industrial Portfolio in Readville & Hyde Park has been sold for a significant price of $104,700,000. The property, which falls under the asset type of industrial, was sold in a closed transaction on 08/25/2022. The sale involved the buyer, Intercontinental Real Estate Corp., represented by Peter Palandjian and Paul J. Nasser, and the seller, First Highland Management & Development.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $104,700,000
- Address: Industrial Portfolio, Readville & Hyde Park
- Date: 08/25/2022
Peter Palandjian and Paul J. Nasser represented Intercontinental Real Estate Corp. as their broker in this deal.
Players
Manito 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93