John B. Sanfilippo & Son, Inc. Expands In Chicago's Huntley With 444,600 SF Lease
12300 Jim Dhamer Drive
Building Size
444,600 SF
Asset Type
Industrial
Closing
Jun 18, 2024
AI
The industrial property located at 12300 Jim Dhamer Drive in Huntley, IL, spans 444,600 square feet and was leased in a significant transaction. The landlord, Mark Goode of Venture One Real Estate, facilitated a lease agreement with tenant Jeffrey Sanfilippo of John B. Sanfilippo & Son, Inc.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 12300 Jim Dhamer Drive
- Market: Huntley
- Landlord: Mark Goode - Venture One Real Estate
- Tenant: Jeffrey Sanfilippo - John B. Sanfilippo & Son, Inc.
- Landlord's Rep: Brian Kling & Reed Adler - Colliers
- Tenant's Rep: Frank Griffin & John Sharpe - Lee & Associates
Lee & Associates played a key role in negotiating the lease for John B. Sanfilippo & Son, Inc. at Venture Park 47 in Huntley, IL. The lease supports JBSS's expansion plans following their recent acquisition of TreeHouse Foods’ snack bars business, aligning with both economic and logistical requirements.
Players
Huntley Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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