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801 Estes Ave, Elk Grove Vi...

Diesel Radiator Company Acquires Property From Tigerflex Corporation With Buyer's Rep Cory Ramey
SOLDIndustrial

Diesel Radiator Company Acquires Property From Tigerflex Corporation With Buyer's Rep Cory Ramey

801 Estes Ave, Elk Grove Village, IL, 6...

Building Size

59,206 SF

Asset Type

Industrial

Closing

Jan 29, 2019

AI

The property located at 801 Estes Ave, Elk Grove Village, IL, is a manufacturing facility comprising a total area of 59,206 square feet. The property was sold in the Elk Grove Village market. Its features include three interior docks, three drive-in doors, and an 18-foot clear height. The facility is situated on three acres and provides parking for 47 cars, as well as heavy power supplied by on-site transformers. Additionally, it offers access to skilled labor and is conveniently located near several expressways and O'Hare International Airport.

Summary of transaction details:

  • Property Type: Manufacturing Facility
  • Transaction Amount: Undisclosed
  • Square Footage: 59,206
  • Address: 801 Estes Ave, Elk Grove Village, IL
  • Market: Elk Grove Village
  • Buyer: Diesel Radiator Company
  • Seller: Tigerflex Corporation
  • Buyer's Representative: Cory Ramey (John Greene Industrial)
  • Seller's Representatives: Mark Deady (Newmark), Adam Marshall (Newmark)

Newmark Knight Frank represented the seller, Tigerflex Corporation, during the transaction, with senior managing directors Adam Marshall and Tatsuru Kono, alongside director Mark Deady, overseeing the deal. Cory Ramey and Shamus Conneely with John Greene Industrial represented Diesel Radiator Company in this transaction.

Players

Adam Marshall

Newmark

Broker

6 deals

Broker

Elk Grove Village 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