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
$1,350,000
$55/SF
Building Size
24,500 SF
Asset Type
Industrial
Closing
Nov 5, 2021
AI
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
Elk Grove Village 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93