Greater Chicago Motors Acquires 20000 SF Property At 500 Mitchell Rd From FCA With Brokers Cris Sallmen And Kelly Disser
500 Mitchell Rd, Glendale Heights, IL...
Building Size
20,000 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in the transaction is located at 500 Mitchell Rd, Glendale Heights, IL. It has a total area of 20,000 square feet and is situated in the Glendale Heights market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: Not disclosed
- Address: 500 Mitchell Rd, Glendale Heights, IL
- Market: Glendale Heights
- Buyer: Greater Chicago Motors
- Seller: FCA
- Buyer's Representative: Cris Sallmen-Berkshire Hathaway HomeServices KoenigRubloff Realty Group
- Seller's Representative: Kelly Disser-NAI Hiffman
In this transaction, Greater Chicago Motors has acquired the property from FCA, with Cris Sallmen representing the buyer and Kelly Disser representing the seller. This indicates the involvement of two distinct real estate agencies in facilitating the deal.
On the Map
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Glendale Heights 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