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
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