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1028 W Devon Ave, Elk Grove...

Mazal Investments LLC Acquires Property At 1028 W Devon Ave Elk Grove Village With Allen Paul As Buyer's Rep
SOLDCommercial

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

Mason Hezner

Brown Commercial Group

Broker

$5.7M

vol

17 deals

Broker
ML
Mazal Investments 16 LLCBuyer

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