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3800 North Milwaukee Avenue

Updated Jan 9, 2026

Robert Sekula & Eric Turrin Of North Park Ventures Acquire Industrial Asset From GW Properties For $16.95M
SOLDIndustrial

Robert Sekula & Eric Turrin Of North Park Ventures Acquire Industrial Asset From GW Properties For $16.95M

3800 North Milwaukee Avenue

$16,950,000

$130/SF

Building Size

130,000 SF

Asset Type

Industrial

Closing

Dec 30, 2025

About this deal

AI

The property asset involved in this transaction is an industrial facility located at 3800 North Milwaukee Avenue in Chicago. It was sold for $16,950,000 and has a total square footage of 130,000, translating to a price per square foot of $130.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $16,950,000
  • Address: 3800 North Milwaukee Avenue
  • Market: Chicago
  • Square Footage: 130,000
  • Price per Square Foot: $130
  • Buyer: Robert Sekula & Eric Turrin - North Park Ventures
  • Seller: GW Properties
  • Seller's Representative: Danny Spitz - Greenstone Partners

Key individuals involved in this transaction include the buyers, Robert Sekula and Eric Turrin, who represent North Park Ventures. The seller is GW Properties, with Danny Spitz acting as the representative from Greenstone Partners for the seller.

On the Map

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$16,950,000

$130/SF

Industrial

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Players

Danny Spitz

Greenstone Partners

Broker

$226.6M

vol

27 deals

Broker
Greenstone Partners
Greenstone PartnersBrokerage

Eric Turrin

North Park Ventures

Buyer

$54.5M

vol

3 deals

Buyer
GP
GW PropertiesSeller
Bilt advertisement

Chicago Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $130 per square foot on a published $17M for 130,000 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.94%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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