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2445 E Higgins Rd, Elk Grov...

Updated Oct 29, 2024

Hudson Group Leases 71k SF Industrial Space In Elk Grove Village
LEASEDIndustrial

Hudson Group Leases 71k SF Industrial Space In Elk Grove Village

2445 E Higgins Rd, Elk Grove Village...

Building Size

71,000 SF

Asset Type

Industrial

Closing

Feb 7, 2017

About this deal

AI

The industrial property located at 2445 E Higgins Rd in Elk Grove Village, part of the O’Hare Peninsula Business Park, has been completely leased out. The tenant, Hudson Group, has secured a 71,000 square feet space within the building. The lease transaction brought the property to full occupancy, with Hudson Group being represented by Raymond Trevisian from Cushman & Wakefield.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 2445 E Higgins Rd, Elk Grove Village
  • Market: Elk Grove Village
  • Tenant: Hudson Group
  • Square Feet: 71,000
  • Tenant's Rep: Raymond Trevisian(Cushman & Wakefield)
  • Landlord: FCA

The lease was completed by a team from Cushman & Wakefield, including Christopher Lydon, Al Caruana, and Britt Casey. The successful transaction brought the O’Hare Peninsula Business Park in Elk Grove Village to full occupancy, demonstrating the strong demand for industrial spaces in the area. Raymond Trevisian's representation of Hudson Group showcases the effectiveness of experienced brokers in facilitating significant real estate deals.

Players

Raymond Trevisian

Cushman & Wakefield

Broker

1 deal

Broker
FCA
FCALandlord

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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