Venture One Real Estate And DRA Advisors Acquire Industrial Building In Joliet For $624,654 SF
2700 Ellis Road
Building Size
624,654 SF
Asset Type
Industrial
Closing
Jan 6, 2025
AI
The property asset involved in this transaction is a vacant industrial building located at 2700 Ellis Road in Joliet. It encompasses a total area of 624,654 square feet and is situated on 52 acres of land.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2700 Ellis Road
- Market: Joliet
- Building Size: 624,654 SF
- Land Area: 52 Acres
- Buyers: Mark Goode & Roy Splansky - Venture One Real Estate; David Luski - DRA Advisors
- Broker Representatives: Jeff Devine, Steven Disse & Tyler Ziebel - Colliers
The transaction involved the acquisition of the property by Venture One Real Estate and DRA Advisors. Colliers represented the seller in this deal, while the property will be marketed for lease by CBRE following the sale.
Players
Joliet 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