John Joyce & Margaret Ames Of SVN Arrange $3.7M Sale Of Industrial Property In Lake Forest

The transaction involved the sale of an industrial flex property located at 28041 North Bradley Road, Lake Forest, Illinois, featuring a total sale price of $3,700,000. The asset encompasses 35,482 square feet and occupies 2.8 acres of land. The property includes two buildings, paved outdoor storage, and loading facilities. The buyer intends to utilize 23,000 square feet for its headquarters while leasing out the remaining 12,000 square feet.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,700,000
• Square Footage: 35,482 SF
• Price Per Square Foot: $104
• Address: 28041 North Bradley Road
• Market: Lake Forest, IL
• Acres: 2.8
• Buyer’s Intended Use: 23,000 square feet for headquarters, 12,000 square feet for lease

The deal was facilitated by brokers John Joyce and Margaret Ames, representing SVN. They played a crucial role in arranging the sale of the property, highlighting their expertise in the Chicago Industrial market.