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2211 Curtiss St, Downers Gr...

Premium Investment Properties LLC Acquires Property In Downers Grove From Simborg Industrial Real Estate LLC
SOLD

Premium Investment Properties LLC Acquires Property In Downers Grove From Simborg Industrial Real Estate LLC

2211 Curtiss St, Downers Grove, IL, 6...

Building Size

25,000 SF

Asset Type

Closing

Nov 19, 2023

AI

The property asset involved in this transaction is located at 2211 Curtiss St, Downers Grove, IL, and the market value is Downers Grove. The property encompasses a total of 25,000 square feet, facilitating a significant transaction within the area.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: Not specified
  • Address: 2211 Curtiss St, Downers Grove, IL
  • Market: Downers Grove
  • Buyer: Premium Investment Properties, LLC
  • Seller: Simborg Industrial Real Estate, LLC
  • Buyer’s Representative: Brian Lindgren - Inc.

This transaction highlights the roles of the key parties involved, with Premium Investment Properties, LLC acting as the buyer represented by Brian Lindgren from Inc. The seller, Simborg Industrial Real Estate, LLC, completed the transaction, indicating a notable shift in ownership within the commercial real estate sector of Downers Grove.

Players

Brian Lindgren

Inc.

Broker

5 deals

Broker

Downers Grove CRE Market Snapshot

Boundary boundary · CRE · 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