Venture One Real Estate Acquires Development Site In Elk Grove Village Through Short-Term Sale-Leaseback Transaction
2201 Landmeier Road
Building Size
124,226 SF
Asset Type
Development Site
Closing
Jan 22, 2025
AI
A 124,226-square-foot development site has been acquired at 2201 Landmeier Road in Elk Grove Village, Illinois. The asset is situated in a strategic location near the O’Hare submarket, ideal for distribution and logistics operations.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: Not specified
- Address: 2201 Landmeier Road
- Market: Elk Grove Village
- Buyer: Mark Goode & Roy Splansky - Venture One Real Estate
- Brokers: Brett Kroner, Eric Fischer & Keith Puritz - Cushman & Wakefield
- Asset Size: 124,226 square feet
- Land Holdings Post-Transaction: 1,750 acres in the Chicago-area
The deal involved Mark Goode and Roy Splansky representing Venture One Real Estate, which has expanded its portfolio through this transaction. The brokers facilitating this deal from Cushman & Wakefield include Brett Kroner, Eric Fischer, and Keith Puritz.
Players
Elk Grove Village Development Site Market Snapshot
Boundary boundary · Development Site · 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