Mark Goode And Roy Splansky Of Venture One Real Estate Acquire Industrial Property From Goldman Sachs
2431 North Delany Road
Building Size
218,617 SF
Asset Type
Industrial
Closing
Mar 20, 2025
AI
The transaction involved an industrial asset located at 2431 North Delany Road in the Waukegan market, encompassing a total square footage of 218,617.0. The specific details surrounding the transaction reflect the involved pricing, but the asset's characteristics are indicative of its function within the industrial real estate sector.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2431 North Delany Road
- Market: Waukegan
- Square Footage: 218617.0
- Buyer: Mark Goode & Roy Splansky - Venture One Real Estate
- Seller: David Solomon - Goldman Sachs Asset Management
- Buyer’s Representatives: Whit Heitman(CBRE), Jack Fitzpatrick(CBRE)
- Seller’s Representatives: Eric Fischer(Cushman & Wakefield), Brett Kroner(Cushman & Wakefield), Keith Puritz(Cushman & Wakefield), Marc Samuels(Cushman & Wakefield)
The transaction featured prominent figures, with the buyer represented by Whit Heitman and Jack Fitzpatrick from CBRE, while the seller was represented by a team from Cushman & Wakefield, consisting of Eric Fischer, Brett Kroner, Keith Puritz, and Marc Samuels. This collaboration reflects a multifaceted approach to the deal, showcasing the involvement of well-established entities in the real estate sector.
Players
Waukegan 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