Cory Kay, Elisabeth Lazzara & Michael DeSerto Of Entre Commercial Realty Represent Buyer In West Chicago Industrial Sale
1105 Carolina Drive
Building Size
19,940 SF
Asset Type
Industrial
Closing
May 27, 2025
AI
The property involved in the transaction is a 19,940-square-foot industrial asset located at 1105 Carolina Drive in West Chicago, Illinois. The facility is a freestanding, multi-tenant structure featuring two docks and two drive-in doors, equipped with heavy power. Recent upgrades have been made, contributing to its appeal in the DuPage County location.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 19,940
- Address: 1105 Carolina Drive
- Market: West Chicago
- Buyer's Representative: Cory Kay, Elisabeth Lazzara & Michael (Mike) DeSerto - Entre Commercial Realty
- Seller's Representative: Lee & Associates
The transaction was brokered by Entre Commercial Realty, with Cory Kay, Elisabeth Lazzara, and Michael (Mike) DeSerto representing the buyer, while Lee & Associates represented the seller. This collaboration facilitated the successful transfer of ownership for the industrial property.
Players
West Chicago Industrial Market Snapshot
Boundary boundary · Industrial · Sale 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