The Missner Group Leases 31,429 Square Feet Industrial Property To Ferguson Enterprises In Morton Grove
8130 River Drive
Building Size
31,429 SF
Asset Type
Industrial
Closing
Jul 22, 2026
AI
The property asset involved in the transaction is a 31,429-square-foot industrial building located at 8130 River Drive in Morton Grove, Illinois. This asset is now fully occupied after Ferguson Enterprises signed a lease agreement for the entire building six months post-acquisition by The Missner Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 8130 River Drive
- Market: Morton Grove, IL
- Landlord: The Missner Group
- Tenant: Ferguson Enterprises
- Landlord's Representative: Thomas Rodeno & Brendan Green - Colliers
- Tenant's Representative: Kevin Segerson, Clayton Thorson & Tom Sorrell - CBRE
This leasing agreement adds Ferguson Enterprises to The Missner Group's portfolio, which has undergone value-add improvements since the acquisition of the property. The lease demonstrates a strategic addition to The Missner Group’s real estate holdings.
Players
Morton Grove 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