Midwest Industrial Funds Acquires 49000 SF Property From FCA In Plainfield With Cory Ramey As Buyer's Rep

Midwest Industrial Funds has acquired a 49,000-square-foot industrial building located at 24317 W 143rd St, Plainfield, IL, within the Plainfield market. The property, situated on 3.7 acres, was constructed in 2007 and features a clear height of 26 feet, eight exterior loading docks, and eight grade-level doors. Additionally, the building includes parking for 71 cars and an ESFR fire suppression system. At the time of sale, the property was 88 percent leased to five tenants.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Address: 24317 W 143rd St, Plainfield, IL, 60544
• Market: Plainfield
• Buyer: Midwest Industrial Funds
• Seller: FCA
• Buyer's Representative: Cory Ramey- John Greene Industrial
• Seller's Representatives: Madison O'Connor - Marcus & Millichap, Mark Masino -Marcus & Millichap
• Square Footage: 49,000
• Leasing Status: 88 percent leased at the time of sale
• Lot Size: 3.7 acres

Cory Ramey represented Midwest Industrial Funds in the transaction, while Madison O'Connor and Mark Masino handled the sale for the seller, FCA. Midwest Industrial Funds has plans to enhance the exterior and landscaping as well as perform interior improvements to the vacant portion of the industrial building.