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.
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