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3212 South Nordic Road

3212 S. Nordic LLC Acquires Industrial Building In Arlington Heights For $1.5M
SOLDIndustrial

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

Mason Hezner

Brown Commercial Group

Broker

$5.7M

vol

17 deals

Broker

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