Updated Oct 29, 2024
AIC Ventures Acquires Industrial Property In Elk Grove Village For $6.9M
855 Morse Avenue, Elk Grove Village, IL, USA
$6,900,000
$72/SF
Building Size
95,000 SF
Asset Type
Industrial
Closing
Jan 10, 2021
About this deal
AI
The industrial property located at 855 Morse Avenue in Elk Grove Village has been sold. The property, spanning 95,000 square feet, boasts a price per square foot of $73. The transaction took place on January 11, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $6,900,000
- Market: Elk Grove Village
AIC Ventures, a buyer in the deal, acquired the property. The transaction was facilitated by broker Peter Doughty from Marcus & Millichap.
The industrial sale at 855 Morse Avenue, Elk Grove Village, IL, USA in Elk Grove Village, Illinois sold for $6.9M in 2021. The building is 95,000 square feet, implying about 72 per square foot on the published price. Peter Doughty, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Elk Grove Village, Illinois file for the 855 Morse Avenue, Elk Grove Village, IL, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Elk Grove Village sit in the Market section below. Filter that Elk Grove Village industrial set by closing date to see what else sold near 855 Morse Avenue, Elk Grove Village, IL, USA around 2021. Published consideration for 855 Morse Avenue, Elk Grove Village, IL, USA is $6.9M, dated 2021. Cite this AIC Ventures Acquires Industrial Property In Elk Grove Village For $6.9M sale when underwriting similar industrial product around Elk Grove Village, Illinois.
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93