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
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