Updated Nov 27, 2024
JLL Income Property Trust Acquires Industrial Property In Elgin, IL For $47M
2650 Auto Mall Drive, Elgin, Illinois 60124, United States
$47,000,000
$115/SF
Building Size
407,000 SF
Asset Type
Industrial
Closing
Jan 13, 2022
About this deal
AI
The industrial property located at 2650 Auto Mall Dr in Elgin, IL has been sold for a total price of $47,000,000. The property spans 407,000 square feet, resulting in a price per square foot of $115.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $47,000,000
- Date: 01/13/2022
- Address: 2650 Auto Mall Dr, Elgin, IL
- Market: Elgin, IL
The buyer in this transaction was JLL Income Property Trust, represented by Allan Swaringen.
Please note that no additional information is available about this sale.
Players
Elgin 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93