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
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