James G. Martell, Aaron Martell & Ben Fish Of Logistics Property Co. Acquire Development Site In Elk Grove Village For $10.5M
2700 York Road
$10,500,000
Building Size
—
Asset Type
Development Site
Closing
Mar 24, 2025
AI
The asset involved in this transaction is a development site located at 2700 York Road in Elk Grove Village. The transaction was completed for a total price of $10,500,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,500,000.00
- Address: 2700 York Road
- Market: Elk Grove Village
- Buyer: James G. Martell, Aaron Martell & Ben Fish - Logistics Property Co.
- Brokers: Ed Lowenbaum - Cresa
The deal involved significant participants, including the buyers James G. Martell, Aaron Martell, and Ben Fish, who represent Logistics Property Co. Additionally, Ed Lowenbaum acted as the broker representing the transaction through Cresa.
Players
Elk Grove Village Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93