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Unilev Acquires Industrial Property In Arlington Heights For $15M

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SOLD
$15,000,000

Illinois

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Industrial
Sold 10/17/2022
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SOLD

Unilev Acquires Industrial Property In Arlington Heights For $15M

702 West Algonquin Road, Arlington Heights, Illinois 60005, United States

See Similar Deals
Industrial
Sold 10/17/2022
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Summary

ILLINOIS
Asset Type:Industrial
Transaction Type:Sale

Unilev, represented by Raymond Levy, has acquired an industrial property located at 702 West Algonquin Road and 501 West Golf Road in Arlington Heights. The property was sold by Value Industrial Partners, represented by Brian Gedvilas. The transaction took place on October 17, 2022, and the sale price was $15,000,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $15,000,000
  • Address: 702 West Algonquin Road & 501 West Golf Road, Arlington Heights
  • Market: Arlington Heights

Unilev, under the representation of Raymond Levy, acquired the industrial property from Value Industrial Partners, represented by Brian Gedvilas. This deal represents a significant transaction in the Arlington Heights market, solidifying Unilev's presence in the industrial sector. Both parties involved in the transaction have made a substantial investment in this prime industrial property.

Players

8 deals$101.8M volume
BUYER

Details

SOLD
IMAGE: Brian Gedvilas & Raymond Levy DATE: 10/17/2022 ADDRESS: 702 West Algonquin Road & 501 West Golf Road MARKET: Arlington Heights ASSET TYPE: Industrial BUYER: Unilev - Raymond Levy SELLER: Value Industrial Partners - Brian Gedvilas SALE PRICE: $15,000,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$799,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83