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181 Commerce Dr, Schaumburg...

THK America, Inc. Acquires 24,780 SF Commercial Property In Schaumburg
SOLDCommercial

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:

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

Suzanne Serino

Colliers

Broker

$194M

vol

2 deals

Broker

Schaumburg 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