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2475 W Touhy Ave, Elk Grove...

IMPEX GLS Leases Industrial Space In Elk Grove Village To PPF Industrial 2475 Touhy Avenue
LEASEDIndustrial

IMPEX GLS Leases Industrial Space In Elk Grove Village To PPF Industrial 2475 Touhy Avenue

2475 W Touhy Ave, Elk Grove Village...

Building Size

32,477 SF

Asset Type

Industrial

Closing

Jun 13, 2019

AI

The property at 2475 W Touhy Ave, Elk Grove Village, Illinois, is an industrial asset spanning 32,477 square feet. This facility was leased by IMPEX GLS, a freight forwarding and supply chain management company. The building offers heavy office space and loading capabilities, situated conveniently near O’Hare International Airport with access to major expressways.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Tenant: IMPEX GLS
  • Square Feet: 32,477
  • Address: 2475 W Touhy Ave, Elk Grove Village, Illinois
  • Market: Elk Grove Village
  • Tenant's Rep: Noel Liston (Core Industrial Realty)
  • Landlord's Rep: Thomas Rodeno (Colliers International)
  • Landlord: PPF Industrial 2475 Touhy Avenue, LLC

Noel Liston and Nick Krejci, of Darwin Realty, facilitated the lease on behalf of the tenant, IMPEX GLS. Representing the landlord, PPF Industrial 2475 Touhy Avenue, LLC, was Tom Rodeno from Colliers International. The deal was a successful match between the tenant's needs and the property's features, highlighting the strategic location and ample space for the tenant's operations.

Players

Noel Liston

Core Industrial Realty

Broker

$39.4M

vol

10 deals

Broker

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