Unilev Management Acquires Elk Grove Village & Schaumburg Package Deal For $8.25M
701 Gullo Avenue (147-225 Stanley Street) & 1201 Remington Road
$8,250,000
$38/SF
Building Size
108,000 SF
Asset Type
Package Deal
Closing
Apr 21, 2023
AI
Unilev Management has acquired a package deal consisting of properties located at 701 Gullo Avenue (147-225 Stanley Street) and 1201 Remington Road in Elk Grove Village and Schaumburg. The transaction was completed on 04/21/2023. The properties have a combined square footage of 108,000 square feet.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $8,250,000
- Price per Square Foot: $76
- Address: 701 Gullo Avenue (147-225 Stanley Street) & 1201 Remington Road
- Market: Elk Grove Village & Schaumburg
The seller in this transaction was Trident Capital, while the buyer was Unilev Management. The deal was facilitated by brokers Harrison Wagenseil from CBRE and Ross Lehrman, Joe Karmin, Justin Lerner, and Erik Coglianese from Transwestern.
Players
Market Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93