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361 Balm Ct, Wood Dale, IL,...

Krumwiede Home Pros Acquires Industrial Building In Wood Dale, IL For Expansion
SOLDIndustrial

Krumwiede Home Pros Acquires Industrial Building In Wood Dale, IL For Expansion

361 Balm Ct, Wood Dale, IL, 60191

Building Size

20,000 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

An industrial property located at 361 Balm Ct, Wood Dale, IL, 60191 was recently sold in a transaction. The property spans 20,000 square feet and was acquired by Krumwiede Home Pros. The seller, Innovative Rack & Gear Co., entrusted the sale to Trinity Scurto from Brown Commercial Group.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Market: Wood Dale
  • Square Footage: 20,000
  • Seller's Representative: Trinity Scurto (Brown Commercial Group)
  • Buyer: Krumwiede Home Pros

Pat Crowley, a broker from Brown Commercial Group, represented Krumwiede Home Pros in the acquisition process. The acquisition signifies Krumwiede Home Pros' expansion as they transition from a 5,000-square-foot space in Bensenville to the new headquarters in Wood Dale. The move is part of the company's growth strategy in the western suburbs. Furthermore, the transaction highlights the trend of businesses seeking larger and more efficient spaces in the post-COVID-19 economy.

Players

Trinity Scurto

Brown Commercial Group

Broker

$710K

vol

10 deals

Broker

Wood Dale 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