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1301 Landmeier Road, Elk Gr...

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

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

Jennifer Hopkins

Broker

$23M

vol

7 deals

Broker

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93