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1180 Pratt BLVD, Elk Grove ...

Pisco USA Acquires 24350 SF Property In Elk Grove Village With Hiloh Izumo As Buyer’s Rep
SOLDIndustrial

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

Christopher Nelson

Lee & Associates

Broker

$44M

vol

15 deals

Broker
Prologis
PrologisSeller

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