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1950 Devon Avenue

Entre Commercial Realty Leases 11200 Square Foot Unit At 1950 East Devon Avenue Elk Grove Village
LEASEDIndustrial

Entre Commercial Realty Leases 11200 Square Foot Unit At 1950 East Devon Avenue Elk Grove Village

1950 Devon Avenue

Building Size

11,200 SF

Asset Type

Industrial

Closing

Dec 29, 2025

AI

An industrial property with a total square footage of 11,200 is located at 1950 East Devon Avenue in Elk Grove Village, IL. The asset is part of a 98,352-square-foot multi-tenant warehouse, which is now fully occupied following this lease transaction.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1950 East Devon Avenue
  • Market: Elk Grove Village
  • Landlord's Representatives: Cory Kay, Mike DeSerto, and Elisabeth Lazzara - Entre Commercial Realty
  • Tenant's Representative: TMG Real Estate Advisors

Cory Kay, Mike DeSerto, and Elisabeth Lazzara from Entre Commercial Realty represented the landlord in this lease transaction, while TMG Real Estate Advisors acted as the representative for the tenant, ensuring the successful completion of the agreement.

Players

Michael DeSerto

Entre Commercial Realty

Broker

$4.1M

vol

10 deals

Broker
TMG Real Estate Advisors
TMG Real Estate AdvisorsBrokerage

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