Intercontinental Real Estate Corp. Acquires Industrial Portfolio In Readville & Hyde Park For $104.7M
SOLD
Illinois
See Similar DealsIndustrial
Sold 08/25/2022
SOLD
Intercontinental Real Estate Corp. Acquires Industrial Portfolio In Readville & Hyde Park For $104.7M
Radville, Illinois, United States
See Similar DealsIndustrial
Sold 08/25/2022
Summary
ILLINOIS
Asset Type:Industrial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,584,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$371,976.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$496,331.42
Annual Debt Service$5,955,976.99
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