Brown Commercial Group Acquires Industrial Property In Elgin, IL For $3.25M
1700 Todd Farm Drive, Elgin, Illinois 60123, United States
$3,250,000
$85/SF
Building Size
38,128 SF
Asset Type
Industrial
Closing
Jan 12, 2022
AI
An industrial property located at 1700-1730 Todd Farm Drive in Elgin, IL, has been sold for a price of $3,250,000. The property spans over 38,128 square feet, resulting in a price per square foot of $38,128.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,250,000
- Address: 1700-1730 Todd Farm Drive, Elgin, IL
- Market: Elgin, IL
The sale of this industrial property was facilitated by Dan Brown from Brown Commercial Group. He represented the seller or landlord in this transaction.
Players
Elgin 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93