Leo Moss Of Fruition Logistics Acquires Industrial Asset From Jeff Sacchini Of General Produce Distributors
2980 Hart Court
Building Size
38,252 SF
Asset Type
Industrial
Closing
Mar 23, 2025
AI
The property asset involved in this transaction is located at 2980 Hart Court in the Franklin Park market. This industrial asset encompasses a total square footage of 38,252.0. The specifics of the transaction highlight the parties involved but do not include a listed transaction amount.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2980 Hart Court
- Market: Franklin Park
- Buyer: Leo Moss - Fruition Logistics
- Seller: Jeff Sacchini - General Produce Distributors
- Buyer's Representative: David Conroy - Cawley Chicago
- Seller's Representatives: Dustin Albers - Lee & Associates, Matt Garland - Cawley Chicago, Andrew Maletich - Cawley Chicago
This transaction showcases a collaboration among multiple representatives, with the seller being supported by three individuals from different agencies, reflecting a multifaceted approach to the sale process. The buyer's representation is streamlined with a single broker from Cawley Chicago, indicating a distinct representation strategy for the buyer in this deal.
Players
Franklin Park 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