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
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