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778 West Algonquin Road

JLL Arranges $22.5M Loan For Unilev Capital Corp And Palladius Capital Management Industrial Portfolio
FINANCEDIndustrial

JLL Arranges $22.5M Loan For Unilev Capital Corp And Palladius Capital Management Industrial Portfolio

778 West Algonquin Road

$22,500,000

$58/SF

Building Size

382,762 SF

Asset Type

Industrial

Closing

Apr 14, 2025

AI

The industrial portfolio involved in the transaction encompasses a total of 382,762 square feet located across Arlington Heights, Elk Grove Village, Schaumburg, and Northbrook. The assets in this portfolio are primarily industrial in nature and are over 90% leased.

Summary of transaction details:

JLL arranged financing to refinance three industrial assets and facilitate the acquisition of a fourth property for Unilev Capital Corp. and Palladius Capital Management. The transaction involved key figures from both the landlord and brokerage firms, with multiple representatives actively participating in the arrangement of this financing deal.

Players

Jeff Sause

JLL

Broker

$1.6B

vol

33 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Raymond Levy

Unilev Capital Corp

Landlord

$101.8M

vol

8 deals

Landlord

Arlington Heights Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.71%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93