OKAN Transportation Acquires 3000 SF Schaumburg Industrial Property From Unknown Seller
640 Pratt Ave N, Schaumburg, IL, 60193
Building Size
3,000 SF
Asset Type
Industrial
Closing
Nov 22, 2023
AI
Industrial property located at 640 Pratt Ave N, Schaumburg, IL, 60193 was recently sold in a transaction involving OKAN Transportation as the buyer. The property spans 3,000 square feet in the Schaumburg market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 640 Pratt Ave N, Schaumburg, IL, 60193
- Market: Schaumburg
- Square Footage: 3,000
- Buyer: OKAN Transportation
- Seller's Representative: Rick Anesiv(Lee & Associates)
The deal's key individuals included Rick Anesiv from Lee & Associates who represented the seller. On the buyer side, OKAN Transportation, a trucking and logistics firm, acquired the 3,000 square feet space at 640 Pratt Avenue in Schaumburg, Illinois. This transaction was part of a series of deals completed by Brown Commercial Group in the Chicago industrial market.
Players
Schaumburg 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