Updated Oct 29, 2024
Raja Foods Acquires Industrial Asset In Schiller Park For $32.5M
3700 Rose Street, Schiller Park, IL 60176.
$32,500,000
$184,659/SF
Building Size
176 SF
Asset Type
MultiFamily
Closing
Jan 17, 2023
About this deal
AI
A 176,000 square foot industrial property located at 3700 Rose Street in Schiller Park has been sold for $32,500,000. The transaction took place on January 17, 2023. The property sits on a 9-acre lot and is situated in the Schiller Park market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $32,500,000
- Address: 3700 Rose Street
- Market: Schiller Park
- Acres: 9
- Buyer: Raja Foods - Mahendra Patel
- Seller: GO2 Logistics
- Square Footage: 176,000
- Price Per Square Foot: $185
The buyer, Raja Foods represented by Mahendra Patel, acquired the property from GO2 Logistics.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93