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.
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