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.
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