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.
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