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1109 Kirk St, Elk Grove Vil...

Pallet Services, Inc. Leases 26592 Square Feet At 1109 Kirk St Elk Grove Village From ProLogis
LEASEDIndustrial

Pallet Services, Inc. Leases 26592 Square Feet At 1109 Kirk St Elk Grove Village From ProLogis

1109 Kirk St, Elk Grove Village, IL, 60...

Building Size

26,592 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 1109 Kirk St, Elk Grove Village, IL. This asset encompasses a total of 26,592 square feet. The market for this property is Elk Grove Village, with ProLogis serving as the landlord.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1109 Kirk St, Elk Grove Village, IL
  • Square Feet: 26,592
  • Landlord: ProLogis
  • Tenant: Pallet Services, Inc.
  • Landlord's Representatives: Kevin Segerson, Matt Mulvihill, Calum Payne - CBRE

This lease agreement was facilitated by representatives from CBRE, specifically Kevin Segerson, Matt Mulvihill, and Calum Payne, who represented the landlord, ProLogis, in the transaction with tenant Pallet Services, Inc.

Players

Kevin Segerson

CBRE

Broker

8 deals

Broker
Prologis
PrologisBrokerage
Prologis
PrologisLandlord

Elk Grove Village Industrial Market Snapshot

Boundary boundary · Industrial · Lease 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