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685 Lunt Ave, Elk Grove Vil...

AK Electronics, LLC Leases Commercial Space At 685 Lunt Ave, Elk Grove Village
LEASEDCommercial

AK Electronics, LLC Leases Commercial Space At 685 Lunt Ave, Elk Grove Village

685 Lunt Ave, Elk Grove Village, IL, 60...

Building Size

6,750 SF

Asset Type

Commercial

Closing

Nov 20, 2023

AI

Located at 685 Lunt Ave in Elk Grove Village, IL, this commercial property spans 6,750 square feet. Mason Hezner of Brown Commercial Group served as the landlord's representative for the lease transaction involving AK Electronics, LLC.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: Not specified
  • Tenant: AK Electronics, LLC
  • Landlord: 685 Lunt Avenue, LLC
  • Market: Elk Grove Village
  • Landlord's Rep: Mason Hezner (Brown Commercial Group)

Noteworthy individuals in this deal include Brian Lindgren of Brown Commercial Group, who represented the buyer, Midway Industrial Equipment, Inc., in another transaction. Mike Magliano of Cushman & Wakefield acted as the seller's representative in the purchase. Additionally, Pat Crowley, also from Brown Commercial Group, represented both the seller and the buyer in a separate sale transaction at 9816 Franklin Avenue in Franklin Park, Illinois.

Players

Mason Hezner

Brown Commercial Group

Broker

$5.7M

vol

17 deals

Broker
6L
685 Lunt Avenue, LLCLandlord

Elk Grove Village Commercial Market Snapshot

Boundary boundary · Commercial · Lease 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