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Radville, Illinois, United ...

Intercontinental Real Estate Corp. Acquires Industrial Portfolio In Readville & Hyde Park For $104.7M
SOLDIndustrial

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

Peter Palandjian

Intercontinental Real Estate Corporation

Buyer

$531.6M

vol

7 deals

Buyer
FD
First Highland Management & DevelopmentSeller

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