3212 S. Nordic LLC Acquires Industrial Building In Arlington Heights For $1.5M
3212 South Nordic Road
$1,500,000
$150/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Apr 10, 2024
AI
An industrial building spanning 10,000 square feet, located at 3212 South Nordic Road in Arlington Heights, Illinois, was recently sold for $1,500,000. The transaction was facilitated by Mason Hezner of Brown Commercial Group, representing the seller, and Matt Kotapka of Executive Realty Group LLC, who represented the buyer, 3212 S. Nordic LLC. The property was secured for $110,500 above the asking price.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Address: 3212 South Nordic Road
- Market: Arlington Heights
- Buyer: 3212 S. Nordic LLC
- Buyer's Representative: Matt Kotapka - Executive Realty Group LLC
- Seller's Representative: Mason Hezner - Brown Commercial Group
- Square Footage: 10,000
- Price per Square Foot: $150
Further emphasizing the key roles in the sale, Mason Hezner of Brown Commercial Group served as the seller's representative, while Matt Kotapka of Executive Realty Group LLC represented the buyer, ensuring a successful transaction that exceeded the initial asking price.
Players
Arlington Heights 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93