Updated Oct 29, 2024
Globe Transportation Acquires Industrial Property In East Dundee, IL For $5.6M
15n356 West Virginia Highway 152
$5,600,000
$103/SF
Building Size
53,999 SF
Asset Type
MultiFamily
Closing
Dec 30, 2022
About this deal
AI
An industrial property located at 15N272-15N356 Route 25 in East Dundee, IL has been sold for a price of $5,600,000. The property spans across approximately 53,999 square feet, resulting in a price per square foot of $104.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,600,000
- Address: 15N272-15N356 Route 25, East Dundee, IL
- Market: East Dundee, IL
- Buyer: Globe Transportation
- Seller: Albert Collingbourne
- Seller's Rep: Harrison Wright & David Pernice - SVN Chicago Industrial
- SF: 53,999
- PPSF: $104
The transaction was facilitated by Harrison Wright and David Pernice of SVN Chicago Industrial, who represented the seller, Albert Collingbourne. Globe Transportation acquired the property.
On the Map
$5,600,000
$103/SF
MultiFamily
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Players
East Dundee, IL 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93