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
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.
Players
Chicago 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93