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990 Deerfield Parkway, Buff...

Mitchell Hochberg & David Lichtenstein's Lightstone Group Acquires Industrial Property In Buffalo Grove For $35M
SOLDIndustrial

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

David Lichtenstein

Lightstone Group

Buyer

$1.4B

vol

16 deals

Buyer
Lightstone Group
Lightstone GroupLender

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