Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,900,000
$95/SF
Industrial
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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