Midwest Express Signs 40,320 Square Foot Lease At 1850 Arthur Avenue Elk Grove Village With RREEF America
1850 Arthur Avenue
Building Size
40,320 SF
Asset Type
Industrial
Closing
Sep 30, 2024
AI
The property involved in this transaction is an industrial asset located at 1850 Arthur Avenue in Elk Grove Village. The building has a total square footage of 40,320 and is equipped with 24 exterior docks and 29 trailer spots, enhancing its operational capabilities. The landlord of the property is RREEF America.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1850 Arthur Avenue
- Market: Elk Grove Village
- Square Footage: 40,320
- Landlord: RREEF America
- Brokers: Calvin Gunn & Christopher Nelson - Lee & Associates
This lease transaction represents a relocation for Midwest Express from Mount Prospect, Illinois. Lee & Associates finalized the agreement, facilitating the move and supporting the logistical needs of Midwest Express with the property's ample docking and trailer facilities.
Players
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