3 Flat LLC Acquires 40,048 Square Foot Industrial Building In Elmhurst With DarwinPW Realty
185 Industrial Drive
Building Size
40,048 SF
Asset Type
Industrial
Closing
May 1, 2025
AI
3 Flat LLC purchased an industrial building located at 185 Industrial Drive in Elmhurst. The property spans a total of 40,048 square feet and was built in 1975. It features 6,418 square feet of office space, five docks, two drive-in doors, and EV charging capabilities. The property is currently being marketed for lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: 3 Flat LLC
- Address: 185 Industrial Drive
- Market: Elmhurst
- Square Footage: 40,048
- Brokers: George Cibula & Luke Ferzacca - DarwinPW Realty
The transaction was facilitated by brokers George Cibula and Luke Ferzacca of DarwinPW Realty, while the seller engaged in-house counsel for the legal aspects of the deal.
Players
Elmhurst 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93