Pisco USA Acquires 24350 SF Property In Elk Grove Village With Hiloh Izumo As Buyer’s Rep
1180 Pratt BLVD, Elk Grove Village, IL...
Building Size
24,350 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The transaction involved the sale of an industrial building located at 1180 Pratt Boulevard, Elk Grove Village, IL. The property spans a total of 24,350 square feet. It is situated in the Elk Grove Village market, which is known for its industrial capabilities.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1180 Pratt Boulevard, Elk Grove Village, IL
- Market: Elk Grove Village
- Buyer: Pisco USA
- Seller: ProLogis
- Buyer's Representative: Hiloh Izumo - Paine Wetzel
- Seller's Representative: Christopher Nelson - Lee & Associates
- Square Footage: 24,350
This transaction included representation from Hiloh Izumo of Paine Wetzel for the buyer, Pisco USA, a company specializing in pneumatic equipment manufacturing. The seller, ProLogis, was represented by Christopher Nelson of Lee & Associates, who is the principal of their Illinois office. The transaction contributes to Lee & Associates' record of closed industrial transactions in Elk Grove Village.
Players
Elk Grove Village 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