Updated Oct 29, 2024
The Davey Tree Expert Co Acquires Industrial Property In Lombard For 10000 SF
1200 N Lombard Rd, Lombard, IL, 601...
Building Size
10,000 SF
Asset Type
Industrial
Closing
Dec 4, 2019
About this deal
AI
The 10,000-square-foot industrial warehouse located on a 4.7-acre site at 1200 N. Lombard Road in Lombard, Illinois, has been sold in an undisclosed transaction. The Davey Tree Expert Co. acquired the property in a deal facilitated by Mike Anotnelli of Brown Commercial Group.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Buyer: The Davey Tree Expert Co.
- Buyer's Representative: Mike Anotnelli (Brown Commercial Group)
The purchase of the industrial warehouse by The Davey Tree Expert Co. allowed the company to acquire a local tree care business that was previously operating in the building. Mike Anotnelli, representing Brown Commercial Group, facilitated the deal between the buyer and the seller, enabling the successful transaction to take place.
Players
Lombard 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