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12300 Jim Dhamer Drive

John B. Sanfilippo & Son, Inc. Expands In Chicago's Huntley With 444,600 SF Lease
LEASEDIndustrial

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:

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

Brian Kling

Colliers

Broker

4 deals

Broker

Huntley Industrial Market Snapshot

Boundary boundary · Industrial · Lease 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