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701 Gullo Avenue (147-225 S...

Unilev Management Acquires Elk Grove Village & Schaumburg Package Deal For $8.25M
SOLDPackage Deal

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

UM
Unilev ManagementBuyer
TC
Trident CapitalSeller

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