facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Illinois

/

Development Site

/

Sale

/

2700 York Road

James G. Martell, Aaron Martell & Ben Fish Of Logistics Property Co. Acquire Development Site In Elk Grove Village For $10.5M
SOLDDevelopment Site

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

Ed Lowenbaum

Cresa

Broker

$10.5M

vol

2 deals

Broker
LC
Logistics Property Co.Buyer

Elk Grove Village Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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