Updated Nov 28, 2024
CTL Global Leases 68913 Square Feet At 1200 Thorndale Ave Elk Grove Village ProLogis Landlord
1200 Thorndale Ave, Elk Grove Village...
Building Size
68,913 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
The property involved in this transaction is located at 1200 Thorndale Ave, Elk Grove Village, comprising a total area of 68,913 square feet. It is situated in the Elk Grove Village market and is owned by ProLogis.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1200 Thorndale Ave, Elk Grove Village
- Landlord: ProLogis
- Tenant: CTL Global
- Square Feet: 68,913
- Landlord's Rep: Kevin Segerson, Matt Mulvihill, Calum Payne - CBRE
The deal involved CTL Global as the tenant, signaling a strategic move into the Elk Grove Village area. The representatives from CBRE played a crucial role in facilitating the lease agreement between the landlord, ProLogis, and the tenant.
On the Map
Industrial
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Players
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