Updated Oct 28, 2024
Unilev Acquires Industrial Property In Arlington Heights For $15M
702 West Algonquin Road, Arlington Heights, Illinois 60005, United States
$15,000,000
Building Size
—
Asset Type
Industrial
Closing
Oct 16, 2022
About this deal
AI
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.
On the Map
$15,000,000
Industrial
View full map
Players
Arlington Heights Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Illinois industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93