Venture One Real Estate Acquires 145182 SF Industrial Facility In Chicago Fully Leased To Polyair
11264 South Corliss Avenue
Building Size
145,182 SF
Asset Type
Industrial
Closing
Jul 14, 2025
AI
Venture One acquired an industrial facility at 11264 South Corliss Avenue in Chicago. The asset encompasses a total of 145,182 square feet and is fully leased to Polyair, which has signed a new 10-year lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 11264 South Corliss Avenue
- Market: Chicago
- Square Footage: 145,182
- Buyer: Mark Goode - Venture One Real Estate
- Seller: A private partnership
- Brokers: Erik Foster, Mike Wilson, Brian Colson & Brian Pomorski - Avison Young; Jack Reardon
Avison Young represented the seller in this transaction. The deal was finalized on 07/14/2025, marking an important acquisition for Venture One. The long-term lease with Polyair adds stability to the investment.
Players
Chicago Industrial Market Snapshot
Boundary boundary · Industrial · 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