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Jack Arnstein Daniel Glaser Sam Schneider Of IG Logistics Acquire Industrial Portfolio In Joliet For $5.15M

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SOLD
$5,150,000

Illinois

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Industrial68,700 SF
Sold 11/24/2025
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Property Image
SOLD

Jack Arnstein Daniel Glaser Sam Schneider Of IG Logistics Acquire Industrial Portfolio In Joliet For $5.15M

2428 Reeves Road & 1715 Terry Drive

See Similar Deals
Industrial68,700 SF
Sold 11/24/2025
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$75
Total Square Footage:68,700 SF
Transaction Type:Sale

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.

Players

Sam Schneider
Sam Schneider
14 deals$73.6M volume
BUYER

Details

SOLD
IMAGE: Jack Arnstein, Daniel Glaser & Sam Schneider DATE: 11/24/2025 ADDRESSES: 2428 Reeves Road & 1715 Terry Drive (Industrial Portfolio) MARKET: Joliet ASSET TYPE: Industrial BUYER: Jack Arnstein (@j_arny24), Daniel Glaser (@DanGlaser) & Sam Schneider (@Schneider2g) - IG Logistics SELLER: Kirk Reeves SALE PRICE: $5,150,000 SF: 68,700 ~ PPSF: $75

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$274,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,296.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,413.63
Annual Debt Service$292,963.53