THK America, Inc. Acquires 24,780 SF Commercial Property In Schaumburg
181 Commerce Dr, Schaumburg, IL, 6...
Building Size
24,780 SF
Asset Type
Commercial
Closing
Apr 11, 2019
AI
The property involved in the transaction is a 24,780-square-foot office/warehouse building located at 181-185 E. Commerce Drive in Schaumburg, Illinois. The asset is situated within the Woodfield Business Center development.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not disclosed
- Address: 181 Commerce Dr, Schaumburg, IL
- Market: Schaumburg
- Buyer: THK America, Inc.
- Buyer's Representative: Suzanne Serino (Colliers International)
- Seller's Representative: Randy Olczyk, Ray Okigawa (Chicagoland Commercial Real Estate)
Chicagoland Commercial Real Estate, Inc., based in Palatine, Illinois, played a significant role in representing both sellers in this transaction. President Randy Olczyk and Senior Vice President Ray Okigawa were pivotal in facilitating the sale of the office/warehouse building in Schaumburg to THK America, Inc. Additionally, they represented seller JG Hessco, LLC in the sale of a single-tenant warehouse building in Melrose Park, Illinois, acquired by logistics company JEMA Industries, LLC.
Players
Schaumburg Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
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