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1300 Kirk St, Elk Grove Vil...

ProLogis Leases 80000 Square Feet To Argents Air Express At 1300 Kirk St Elk Grove Village
LEASEDIndustrial

ProLogis Leases 80000 Square Feet To Argents Air Express At 1300 Kirk St Elk Grove Village

1300 Kirk St, Elk Grove Village, IL, 60...

Building Size

80,000 SF

Asset Type

Industrial

Closing

Nov 19, 2023

AI

The property involved in this lease transaction is located at 1300 Kirk St, Elk Grove Village, IL. The total area of the property is 80,000 square feet. The transaction occurred within the Elk Grove Village market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1300 Kirk St, Elk Grove Village, IL
  • Square Feet: 80,000
  • Landlord: ProLogis
  • Tenant: Argents Air Express
  • Landlord's Rep: Kevin Segerson, Matt Mulvihill, Calum Payne - CBRE

The tenant, Argents Air Express, is now occupying the space leased from ProLogis. The transaction was represented by the brokerage team from CBRE, consisting of Kevin Segerson, Matt Mulvihill, and Calum Payne.

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