Clear Height Properties And Harbert US Real Estate Acquire Industrial Portfolio In Chicago For $100M
Industrial Portfolio
$100,000,000
$71/SF
Building Size
1,400,000 SF
Asset Type
Industrial
Closing
Dec 21, 2020
AI
The Industrial Portfolio in Chicago has been sold for approximately $100,000,000. Spanning across 1,400,000 square feet, the industrial property was acquired by Clear Height Properties, represented by Dominic A. Sergi, along with Harbert US Real Estate. The sale was facilitated by mortgage brokers Steve Roth and Scott Lewis from CBRE Capital Markets.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $100,000,000 (Approx.)
- Square Footage: 1,400,000
- Market: Chicago
- Buyer: Clear Height Properties – Dominic A. Sergi; Harbert US Real Estate
- Mortgage Brokers: Steve Roth & Scott Lewis – CBRE Capital Markets
Dominic A. Sergi, representing Clear Height Properties, played a key role in the acquisition of the Industrial Portfolio. Together with Harbert US Real Estate, they secured this significant industrial asset in Chicago. The transaction was facilitated by experienced mortgage brokers, Steve Roth and Scott Lewis, from CBRE Capital Markets. Their expertise and involvement in the deal contributed to its successful completion.
Players
Indianapolis 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93