Updated Nov 28, 2024
AEW Capital Management Acquires Industrial Property In Arlington Heights For $18.4M
1400 West Dundee Road, Arlington Heights, Illinois 60004, United States
$18,400,000
$49/SF
Building Size
375,000 SF
Asset Type
Industrial
Closing
Jan 31, 2022
About this deal
AI
The industrial property located at 1400-1500 West Dundee Road in Arlington Heights has been sold for the price of $18,400,000. The property spans a total of 375,000 square feet, resulting in a price per square foot of $49. The transaction took place on January 31, 2022.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $18,400,000
- Square Footage: 375,000
- Price per Square Foot: $49
- Address: 1400-1500 West Dundee Road, Arlington Heights
- Market: Arlington Heights
The buyer of the property is AEW Capital Management, represented by Jonathan Martin. The seller is Rohrman Automotive Group. The deal was facilitated by Compass.
Buffalo Grove 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93