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2431 North Delany Road

Mark Goode And Roy Splansky Of Venture One Real Estate Acquire Industrial Property From Goldman Sachs
SOLDIndustrial

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:

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

Marc Samuels

Cushman & Wakefield

Broker

3 deals

Broker

Roy Splansky

Venture One Real Estate

Buyer

$263.9M

vol

6 deals

Buyer

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