Mazal Investments LLC Acquires Property At 1028 W Devon Ave Elk Grove Village With Allen Paul As Buyer's Rep
1028 W Devon Ave, Elk Grove Village...
Building Size
1,500 SF
Asset Type
Commercial
Closing
Dec 12, 2018
AI
The property involved in the transaction is a 1,500-square-foot industrial condo located at 1028 W Devon Avenue in Elk Grove Village. The market for the property is Elk Grove Village, and it has been acquired for use by Quick Key Locksmith, LLC.
Summary of transaction details:
- Property Type: Industrial Condo
- Transaction Amount: Not specified
- Buyer: Mazal Investments, LLC
- Seller: Lynda Utterback
- Buyer's Representative: Allen Paul, Sheffield Group, Inc.
- Seller's Representative: Mason Hezner
Mason Hezner represented the seller in this transaction, bringing expertise from his experience negotiating multiple transactions in the Elk Grove Village and Buffalo Grove areas. Hezner's involvement in the market includes representing both buyers and sellers, reinforcing his role as a key player in real estate dealings.
Players
Elk Grove Village Commercial Market Snapshot
Boundary boundary · Commercial · 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