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1200 Thorndale Ave, Elk Gro...

CTL Global Leases 68913 Square Feet At 1200 Thorndale Ave Elk Grove Village ProLogis Landlord
LEASEDIndustrial

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

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.

Players

Kevin Segerson

CBRE

Broker

8 deals

Broker
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