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SVN | Chicago Commercial Brokers Sell Industrial Property In O'Hare, Elk Grove Village, IL For $1.35M

Property Image
SOLD
$1,350,000
Olivia Czyzynski
Nathalie Fisher
Jennifer Hopkins

Illinois

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Industrial24,500 SF
Sold 11/05/2021
the dealplayerscompscontact
Property Image
SOLD

SVN | Chicago Commercial Brokers Sell Industrial Property In O'Hare, Elk Grove Village, IL For $1.35M

1301 Landmeier Road, Elk Grove Village, IL, USA

See Similar Deals
Industrial24,500 SF
Sold 11/05/2021
Olivia Czyzynski
Nathalie Fisher
Jennifer Hopkins
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$55
Total Square Footage:24,500 SF
Transaction Type:Sale

A 20,000 square foot industrial building located at 1301 Landmeier Road in O'Hare, Elk Grove Village, IL has been sold for a price of $1,350,000. The property includes a bonus 4,500 square foot mezzanine and is in excellent condition with no deferred maintenance. Its proximity to O'Hare Airport makes it highly accessible. The sale attracted multiple offers, indicating its desirability in the market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,350,000
  • Square Footage: 20,000 + 4,500 SF Mezzanine
  • Address: 1301 Landmeier Road, O'Hare, Elk Grove Village, IL
  • Market: O'Hare, Elk Grove Village, IL

The sale was facilitated by the brokerage team from SVN | Chicago Commercial, including Nathalie Fisher, Jennifer Hopkins, and Olivia Czyzynski. Their expertise and representation ensured a successful transaction for all parties involved.

Players

Jennifer Hopkins
Jennifer Hopkins
7 deals$23M volume
BROKER
Olivia Czyzynski
Olivia Czyzynski
7 deals$23M volume
BROKER
Nathalie Fisher
Nathalie Fisher
3 deals$9.2M volume
BROKER

Details

SOLD
IMAGE: Olivia Czyzynski, Nathalie Fisher & Jennifer Hopkins DATE: 11/05/2021 ADDRESS: 1301 Landmeier Road MARKET: O'Hare, Elk Grove Village, IL ASSET TYPE: Industrial BROKERS: Nathalie Fisher, Jennifer Hopkins & Olivia Czyzynski - SVN | Chicago Commercial (@SVN_Suburban_Next_Level_Team) SALE PRICE: $1,350,000 SF: 20,000 + 4,500 SF Mezzanine NOTE: 20,000 SF Building with Bonus 4,500 SF Mezzanine No Deferred Maintenance Minutes from O'Hare Airport Multiple Offers

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26