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18531 Spring Creek Drive

Mark Goode Of Venture One Real Estate Acquires Industrial Building In Tinley Park
SOLDIndustrial

Mark Goode Of Venture One Real Estate Acquires Industrial Building In Tinley Park

18531 Spring Creek Drive

Building Size

26,173 SF

Asset Type

Industrial

Closing

Jul 9, 2025

AI

Venture One Real Estate acquired a vacant industrial building located at 18531 Spring Creek Drive in Tinley Park. The asset spans 26,173 square feet and sits on 1.8 acres.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 18531 Spring Creek Drive
  • Market: Tinley Park
  • Buyer: Mark Goode - Venture One Real Estate
  • Buyer's Representative: Michael O’Leary, Ryan Earley & Dylan Maher - Lee & Associates
  • Seller's Representative: Bruce McConnell - Savills

Mark Goode represented Venture One Real Estate in this transaction, while Bruce McConnell acted on behalf of the seller. Following the renovations, Lee & Associates was engaged to market the property.

Players

Ryan Earley

Lee & Associates

Broker

$17.6M

vol

7 deals

Broker
Savills
SavillsBrokerage
Mark Goode

Mark Goode

Venture One Real Estate

Buyer

$306.9M

vol

12 deals

Buyer
Venture One Real Estate
Venture One Real EstateBuyer

Tinley Park 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