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202 E Devon Ave, Elk Grove ...

Updated Dec 4, 2024

Panos Foods Leases 56,176 SF Industrial Space At Chancellory Lakes Distribution Center
LEASEDIndustrial

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

Ron Behm

Colliers

Broker

2 deals

Broker
Nuveen
NuveenLender
Nuveen
NuveenLandlord

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

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