Updated Oct 29, 2024
Hildreth Real Estate Advisors Acquires Lindenhurst Industrial Property For $945,000
180 S Travis Street
$945,000
$8/SF
Building Size
110,000 SF
Asset Type
Industrial
Closing
Aug 30, 2020
About this deal
AI
180 S Travis Street in Lindenhurst has been sold for $945,000. This industrial property spans 11,000 square feet, resulting in a price per square foot of approximately $85. The transaction was completed on 08/31/2020.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $945,000
- Square Footage: 11,000
- Price Per Square Foot: $85
- Address: 180 S Travis Street, Lindenhurst
- Market: Lindenhurst
The buyer of the property is Hildreth Real Estate Advisors, represented by Hildreth Real Estate Advisors (@Hildreth.Advisors). The seller is Bob Lafrocia. It is noteworthy that the property was delivered 98% occupied and the seller provided financing for the transaction. Hildreth Real Estate Advisors can be contacted at [email protected] for self storage deals.
Players
Lindenhurst 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
16.79%
Cash-on-Cash
-4.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93