Local Material Handling Company Acquires 20,500 Sq Ft Industrial Facility In Spring Grove IL
2500 Westward Drive
Building Size
20,500 SF
Asset Type
Industrial
Closing
Jul 30, 2026
AI
An industrial property with a total area of 20,500 square feet was sold at 2500 Westward Drive in Spring Grove, Illinois. The facility features two buildings along with a fenced yard situated on 1.92 acres. The property was part of a competitive market with multiple offers due to strong demand for outside storage facilities.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2500 Westward Drive
- Market: Spring Grove, IL
- Asset Size: 20,500 SF
- Acres: 1.92
- Brokers: Sam Deihs & John M. Joyce - Entre Commercial Realty; Adam Fortino - KW Commercial
- Buyer: A local material handling company
The transaction was facilitated by Sam Deihs and John M. Joyce, who represented the seller, while Adam Fortino represented the buyer in the sale. Entre Commercial Realty was responsible for brokering this transaction, which occurred amid a high level of interest in the property type.
Players
West Warren 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