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185 Industrial Drive

Elmhurst Park District Leases 40,048 Square Feet Industrial Space From 3 Flatt LLC In Elmhurst
LEASEDIndustrial

Elmhurst Park District Leases 40,048 Square Feet Industrial Space From 3 Flatt LLC In Elmhurst

185 Industrial Drive

Building Size

40,048 SF

Asset Type

Industrial

Closing

Oct 10, 2025

AI

The property asset involved in this transaction is located at 185 Industrial Drive in Elmhurst, comprising an industrial space that spans 40,048 square feet. The lease agreement involves the building owned by 3 Flatt LLC, which has been leased to the Elmhurst Park District.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 185 Industrial Drive
  • Market: Elmhurst
  • Landlord: 3 Flatt LLC
  • Tenant: Elmhurst Park District
  • Landlord's Representative: Dan Prendergast & George Cibula - DarwinPW Realty/CORFAC International
  • Tenant's Representative: Mike Muisenga - Prairie Path Berkshire Hathaway

This lease transaction was facilitated by DarwinPW Realty/CORFAC International, which acted on behalf of the landlord, 3 Flatt LLC. The tenant, Elmhurst Park District, represented by Mike Muisenga of Prairie Path Berkshire Hathaway, will utilize the space for dance, gymnastics, and sports programs during the rebuilding of its community center.

Players

George Cibula

CORFAC International

Broker

$5.5M

vol

9 deals

Broker
Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServicesBrokerage
Elmhurst Park District
Elmhurst Park DistrictTenant

Elmhurst 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