Updated Nov 5, 2026
Michael Valenta & Michael Wehrli Of Magna-Tiles Acquire Industrial Asset From Matt Grusecki & Matthias Trizna
1600 Remington Boulevard
Building Size
245,000 SF
Asset Type
Industrial
Closing
Oct 29, 2026
About this deal
AI
The industrial property located at 1600 Remington Boulevard in Bolingbrook was part of a recent transaction. The asset has distinct characteristics that contributed to its market positioning.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1600 Remington Boulevard
- Market: Bolingbrook
- Buyer: Michael Valenta & Michael Wehrli - Magna-Tiles
- Seller: Matt Grusecki & Matthias Trizna - Northern Builders
- Buyer's Representative: Calum Payne - CBRE
- Seller's Representatives: Jason West, Sean Henrick & Ryan Klink - Cushman & Wakefield
The buyers of this transaction, Michael Valenta and Michael Wehrli, represent Magna-Tiles, while the sellers, Matt Grusecki and Matthias Trizna, are affiliated with Northern Builders. The deal was facilitated by representatives from CBRE and Cushman & Wakefield, highlighting the collaborative effort involved in the transaction.
On the Map
Industrial
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Players
Bolingbrook 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