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ABM Flooring Acquires Property From 163 Covington LLC In Bloomingdale For $1.33M

Property Image
SOLD
$1,330,000

Illinois

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Warehouse15,000 SF
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Property Image
SOLD

ABM Flooring Acquires Property From 163 Covington LLC In Bloomingdale For $1.33M

163 Covington Dr, Bloomingdale, IL 60108

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Warehouse15,000 SF
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Summary

ILLINOIS
Asset Type:Warehouse
Price Per Square Foot:$88
Total Square Footage:15,000 SF
Transaction Type:Sale

A 15,000-square-foot industrial building located at 163 Covington Dr, Bloomingdale, IL, has been sold for $1,330,000. The transaction took place in the Bloomingdale market, showcasing the demand for industrial properties in the area.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,330,000.00
  • Address: 163 Covington Dr, Bloomingdale, IL
  • Market: Bloomingdale
  • Seller: 163 Covington LLC
  • Buyer: ABM Flooring
  • Seller's Rep: Joe Karmin - Transwestern
  • Buyer's Rep: Rick Anesi - Lee & Associates

Joe Karmin of Transwestern represented the seller, while Rick Anesi, vice president of Lee & Associates’ Illinois office, represented the buyer, ABM Flooring, an independent, full-service commercial flooring contractor. Anesi remarked that the building met the needs and location preferences of his client, highlighting the challenges of finding similar properties in the North DuPage market.

Players

Joe Karmin
6 deals$12.7M volume
BROKER

Rick Anesiv
Lee & Associates
9 deals$1.3M volume(847) 910-1516
BROKER

Details

SOLD
IMAGE: 163 Covington Dr, Bloomingdale, IL 60108 MARKET: Bloomingdale SELLER'S REP: Joe Karmin-Transwestern BUYER: ABM Flooring SELLER: 163 Covington LLC PRICE: $1,330,000.00 SF: 15000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$70,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,725.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,304.88
Annual Debt Service$75,658.54