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
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