Lively Property Holdings LLC Acquires Industrial Asset In Elk Grove Village For 9988 SF
91 N Lively BLVD, Elk Grove Village, IL...
Building Size
9,988 SF
Asset Type
Industrial
Closing
Nov 20, 2023
AI
The property located at 91 N Lively Boulevard in Elk Grove Village, Illinois, is an industrial asset encompassing 9,988 square feet. The sale involved Lively Property Holdings LLC as the buyer and Acorn Realty and Investment LLC as the seller.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Market: Elk Grove Village
- Buyer's Rep: Trinity Scurto (Brown Commercial Group)
- Seller's Rep: Mason Hezner (Brown Commercial Group)
- Buyer: Lively Property Holdings LLC
- Seller: Acorn Realty and Investment LLC
- SF: 9,988
Trinity Scurto of Brown Commercial Group served as the buyer's representative in the transaction, while Mason Hezner, also from Brown Commercial Group, acted as the seller's representative. The buyer, Lively Property Holdings LLC, is set to operate Calma Optimal Foods in one of the two units within the industrial building. The other unit will remain occupied by Servpro, a cleaning and restoration company.
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