facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Industrial

/

Sale

/

2440 Pratt Boulevard

Scott McKibben And Adam Schwartz Acquire Two Industrial Properties In Chicago Area For $30M
SOLDIndustrial

Scott McKibben And Adam Schwartz Acquire Two Industrial Properties In Chicago Area For $30M

2440 Pratt Boulevard & 1000 North Main Street

$30,000,000

$64/SF

Building Size

464,154 SF

Asset Type

Industrial

Closing

Feb 10, 2026

AI

The transaction involves two vacant industrial properties located at 2440 Pratt Boulevard in Elk Grove Village and 1000 North Main Street in Lombard. The combined sale price for these properties is $30,000,000. The asset spans a total of 232,077 square feet, with a per square foot price of $129. The properties include a 184,902-square-foot distribution building and a 47,175-square-foot light industrial building.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $30,000,000
  • Buyer: Scott McKibben - Matterhorn Venture Partners
  • Buyer: Adam Schwartz - TPG Angelo Gordon
  • Address: 2440 Pratt Boulevard, Elk Grove Village
  • Address: 1000 North Main Street, Lombard
  • Market: Elk Grove Village & Lombard
  • Square Feet: 232,077
  • Price per Square Foot: $129

Scott McKibben represents Matterhorn Venture Partners, while Adam Schwartz represents TPG Angelo Gordon in this transaction. The deal highlights their involvement in acquiring these suburban Chicago industrial properties, signifying a partnership between the two entities in the real estate investment sector.

Players

TPG Angelo Gordon
TPG Angelo GordonBuyer

Scott McKibben

Matterhorn Venture Partners

Buyer

$65.6M

vol

6 deals

Buyer

Elk Grove Village Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93