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989 Pauly Drive

AES USA Corp Acquires Industrial Building In Elk Grove Village For $1.9 Million
SOLDIndustrial

AES USA Corp Acquires Industrial Building In Elk Grove Village For $1.9 Million

989 Pauly Drive

$1,900,000

$95/SF

Building Size

20,000 SF

Asset Type

Industrial

Closing

Nov 4, 2024

AI

An industrial building located at 989 Pauly Drive in Elk Grove Village has been sold for $1,900,000. The asset spans 20,000 square feet and was sold at a price per square foot of $95.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,900,000
  • Buyer: AES USA Corp
  • Seller: Rumco Acquisition Corp
  • Buyer's Representative: Mason Hezner - Brown Commercial Group
  • Seller's Representative: CBRE
  • Square Footage: 20,000
  • Price Per Square Foot: $95

Mason Hezner from Brown Commercial Group facilitated the transaction on behalf of the buyer, AES USA Corp., which is relocating from a smaller facility in the area. CBRE represented the seller, Rumco Acquisition Corp., during this transaction.

Players

Mason Hezner

Brown Commercial Group

Broker

$5.7M

vol

17 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93