Updated Jun 8, 2026
Venture One Sells 246,446 Square Foot Industrial Facility In Elgin Illinois To Publicly Traded REIT
2770 Alft Court
Building Size
246,446 SF
Asset Type
Industrial
Closing
Jun 4, 2026
About this deal
AI
The asset involved in the transaction is a 246,446-square-foot industrial logistics facility located at 2770 Alft Court in Elgin, Illinois. The property was built in 2015 and is fully leased to FleetPride, situated near I-90 and Randall Road, a significant freight corridor in the Chicago area that supports regional and last-mile logistics.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2770 Alft Court
- Market: Elgin, IL
- Asset Size: 246,446 SF
- Seller: Mark Goode - Venture One
- Brokers: Jeff Devine, Steve Disse & Tyler Ziebel - Colliers
The sale was brokered by Colliers on behalf of Venture One Real Estate to a publicly traded REIT, highlighting the collaboration of experienced brokers in executing this transaction.
On the Map
Industrial
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Crete Industrial Market Snapshot
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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