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1160 Abbott Dr, Elgin, IL, ...

J. Schneeberger Corp. Acquires Industrial Building In Elgin From DRB Enterprises
SOLDIndustrial

J. Schneeberger Corp. Acquires Industrial Building In Elgin From DRB Enterprises

1160 Abbott Dr, Elgin, IL, 60123

Building Size

9,500 SF

Asset Type

Industrial

Closing

Jun 13, 2019

AI

The property involved in the transaction is a 9,500-square-foot industrial building located at 1160 Abbott Drive in Elgin, IL, 60123. The building was sold to tool grinding machine manufacturer J. Schneeberger Corp. The free-standing property offers good access to major highways, including Route 31 and Randall Road.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Market: Elgin
  • Seller's Representative: Noel Liston(Core Industrial Realty)
  • Buyer: J. Schneeberger Corp.
  • Square Footage: 9500
  • Address: 1160 Abbott Dr, Elgin, IL, 60123

Noel S. Liston and Nick Krejci represented the seller, DRB Enterprises, in this transaction. The industrial property offers a space for J. Schneeberger Corp to showcase their machinery to customers due to its access to I-90 via Route 31 and Randall Road.

Players

Noel Liston

Core Industrial Realty

Broker

$39.4M

vol

10 deals

Broker

Elgin 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