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.
Elgin Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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