Updated Dec 5, 2025
Jack Arnstein Daniel Glaser Sam Schneider Of IG Logistics Acquire Industrial Portfolio In Joliet For $5.15M
2428 Reeves Road & 1715 Terry Drive
$5,150,000
$75/SF
Building Size
45,900 SF
Asset Type
Industrial
Closing
Nov 23, 2025
About this deal
AI
The transaction involved an industrial portfolio consisting of two properties located at 2428 Reeves Road and 1715 Terry Drive in Joliet. The sale price for the properties amounted to $5,150,000, encompassing a total square footage of 68,700. The price per square foot was calculated at $75.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,150,000
- Buyer: Jack Arnstein, Daniel Glaser, & Sam Schneider - IG Logistics
- Seller: Kirk Reeves
- Date of Transaction: 11/24/2025
The deal was brokered by Jack Arnstein, Daniel Glaser, and Sam Schneider representing IG Logistics. Kirk Reeves was the seller in this transaction. This collaboration highlights the engagement of key individuals who facilitated the deal to completion.
On the Map
$5,150,000
$75/SF
Industrial
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Players
Joliet 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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93