Brennan Investment Group Sells 95,179 Square Foot Industrial Facility In Elgin Illinois
999 Raymond Street
Building Size
95,179 SF
Asset Type
Industrial
Closing
Jul 23, 2026
AI
A 95,179-square-foot industrial facility located at 999 Raymond Street in Elgin, Illinois, has been sold. The transaction was between Brennan Investment Group as the seller and a local parts distributor as the buyer. The property will undergo renovations to the office and warehouse areas following the sale.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 999 Raymond Street
- Market: Elgin, IL
- Seller: Michael Brennan - Brennan Investment Group
- Buyer's Representative: XR Realty
- Seller's Representative: Michael DeSerto, Cory Kay & Elisabeth Lazzara - Entre Commercial Realty
Entre Commercial Realty represented the seller during this transaction, while XR Realty was the representative for the buyer. The sale was brokered successfully with both parties engaged in the deal.
Players
Elgin 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93