Unknown Buyer Acquires 561 South Arthur Avenue Arlington With Seller's Reps Adam Marshall And Boris Shraybman
561 South Arthur Avenue, Arlington H...
Building Size
18,557 SF
Asset Type
Industrial
Closing
Jun 26, 2019
AI
The property involved in this transaction is located at 561 South Arthur Avenue, Arlington Heights, Illinois. It is an 18,557-square-foot, multi-tenant industrial facility that was acquired 100 percent leased to multiple tenants, including Bosch Tools.
Summary of transaction details:
- Property Type: Multi-tenant industrial facility
- Transaction Amount: Undisclosed
- Address: 561 South Arthur Avenue, Arlington Heights, Illinois
- Square Footage: 18,557
- Seller's Representative: Adam Marshall (Newmark), Boris Shraybman (Newmark Knight Frank)
- Buyer: Unknown
- Seller: Private owner
Adam Marshall and Boris Shraybman facilitated the sale on behalf of a private owner. Marshall noted that the property provided investors with the opportunity to acquire a fully leased facility located within an infill submarket and anchored by a strong-credit tenant.
Players
Market 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93