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
About this deal
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.
On the Map
Players
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