Mitchell Hochberg & David Lichtenstein's Lightstone Group Acquires Industrial Property In Buffalo Grove For $35M
990 Deerfield Parkway, Buffalo Grove, Illinois 60089, United States
$35,000,000
$154/SF
Building Size
226,000 SF
Asset Type
Industrial
Closing
Sep 6, 2022
AI
The industrial property at 990 & 1000 Deerfield Parkway in Buffalo Grove has been sold for $35,000,000. The property spans 226,000 square feet, resulting in a price per square foot of $155. The transaction took place on 09/07/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $35,000,000
- Address: 990 & 1000 Deerfield Parkway, Buffalo Grove
- Market: Buffalo Grove
The buyers of the property are Mitchell Hochberg and David Lichtenstein from the Lightstone Group. They acquired the property from Clark Street Real Estate and HSA Commercial Real Estate.
NOTE: No additional information about the transaction has been provided.
Players
Buffalo Grove 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93