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2701 Lively BLVD, Elk Grove...

ProLogis Leases 42260 Square Feet At 2701 Lively Blvd Elk Grove Village With Eric Tresslar
LEASEDIndustrial

ProLogis Leases 42260 Square Feet At 2701 Lively Blvd Elk Grove Village With Eric Tresslar

2701 Lively BLVD, Elk Grove Village, I...

Building Size

42,260 SF

Asset Type

Industrial

Closing

Jul 4, 2017

AI

The property involved in the transaction is a 42,260-square-foot facility located at 2701 Lively Blvd in Elk Grove Village, Illinois. It is part of the Elk Grove Village market and is owned by ProLogis. The property is noted for its industrial space and leases connecting to various business operations.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 2701 Lively Blvd, Elk Grove Village, Illinois
  • Market: Elk Grove Village
  • Landlord: ProLogis
  • Landlord's Representative: Eric Tresslar, NAI Capital
  • Square Feet: 42,260

Eric Tresslar of NAI Capital represented ProLogis in the leasing deal for the property. The leasing efforts led to Atrend USA, a manufacturer of speaker enclosures, continuing its operations at this location. This transaction is part of a broader initiative involving multiple leases and renewals within the Chicago's O’Hare submarket, totaling over 170,000 square feet across several sites.

Players

Eric Tresslar

NAI Global

Broker

$36M

vol

2 deals

Broker
Prologis
PrologisBrokerage
Prologis
PrologisLandlord

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