685 Lunt, LLC Acquires Industrial Property In Elk Grove Village, IL For $1.35M

The property involved in the transaction is an industrial asset located at 685 Lunt Ave, Elk Grove Village, IL. The building spans 13,500 square feet and consists of two 6,750-square-foot units. One unit is currently leased to a trade show company, while the other unit will be occupied by It’s a Wonderful Light, LLC, a holiday lighting installation company.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Market: Elk Grove Village
• Buyer: 685 Lunt, LLC
• Seller: 685 Lunt Avenue, LLC
• Buyer's Rep: Mason Hezner (Brown Commercial Group)

Mason Hezner from Brown Commercial Group served as the buyer's representative for this transaction, representing both the buyer, 685 Lunt, LLC, and the seller, 685 Lunt Avenue, LLC. The sale marks a notable transaction in the Chicago suburban market, showcasing the continued strength of the industrial sector despite challenges posed by the pandemic. Additionally, the building's division into two distinct units and the diverse tenants further add to the property's appeal in the market.