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2700 Ellis Road

Venture One Real Estate And DRA Advisors Acquire Industrial Building In Joliet For $624,654 SF
SOLDIndustrial

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

Jeff Devine

Colliers

Broker

$696.3M

vol

11 deals

Broker

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