Updated Dec 4, 2024
Panos Foods Leases 56,176 SF Industrial Space At Chancellory Lakes Distribution Center
202 E Devon Ave, Elk Grove Village, IL...
Building Size
56,176 SF
Asset Type
Industrial
Closing
Nov 22, 2023
About this deal
AI
The industrial property located at 202 E. Devon Ave in Elk Grove Village, IL spans 56,176 square feet. This asset is part of the Chancellory Lakes Distribution Center, developed within Centex Industrial Park. Key features of the property include a clear height of 32 feet, 24 docks, and 175 parking spaces.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Market: Elk Grove Village
- Address: 202 E Devon Ave, Elk Grove Village, IL
- Landlord's Rep: Ron Behm (Colliers International)
- Tenant: Panos Foods
- Landlord: Nuveen Real Estate
- Square Feet: 56,176
The lease of the 56,176 square feet space at 202 E. Devon Ave was facilitated by Ron Behm from Colliers International, representing the landlord Nuveen Real Estate. The tenant of this industrial property is Panos Foods, bringing business activity to this development in Elk Grove Village, IL.
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