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640 Pratt Ave N, Schaumburg...

OKAN Transportation Acquires 3000 SF Schaumburg Industrial Property From Unknown Seller
SOLDIndustrial

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

Rick Anesiv

Lee & Associates

Broker

$1.3M

vol

9 deals

Broker

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