Updated Jul 22, 2026
SOLDIndustrial
Kellan Gilmartin Of Marcus & Millichap Brokers $7M Sale Of Industrial Property In West Chicago
1401 Harvester Road
$7,000,000
$304/SF
Building Size
23,000 SF
Asset Type
Industrial
Closing
Jul 21, 2026
About this deal
AI
The property involved in the transaction is a single-tenant industrial asset located at 1401 Harvester Road in West Chicago, Illinois. This 5.9-acre property features a total square footage of 23,000 and was sold for $7,000,000, equating to a price per square foot of $304. It is fully leased to TKO Logistics Inc. and is situated in DuPage County, which is known for its constrained industrial market and high demand from logistics and transportation users.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Square Footage: 23,000
- Price Per Square Foot: $304
- Address: 1401 Harvester Road
- Market: West Chicago, IL
- Acres: 5.9
- Broker: Kellan Gilmartin - Marcus & Millichap
- Investors: Two Illinois-based investors
Kellan Gilmartin, an investment specialist at Marcus & Millichap, represented two Illinois-based investors in this transaction. The brokerage played a key role in facilitating the sale, highlighting the investment potential in a market characterized by strong demand for logistics infrastructure.
Players
West 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93