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515 Anderson Dr, Romeoville...

Venture One Real Estate Acquires Property In Romeoville For $2.85M With Buyer's Rep Jeff Galante
SOLDIndustrial

Venture One Real Estate Acquires Property In Romeoville For $2.85M With Buyer's Rep Jeff Galante

515 Anderson Dr, Romeoville, IL, 60446

$2,850,000

$75/SF

Building Size

37,720 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

A 37,720-square-foot industrial building located at 515 Anderson Drive in Romeoville, Illinois, has been sold for $2,850,000. The property transaction was facilitated in the Romeoville market, showcasing investment in local industrial real estate.

Summary of transaction details:

Ryan Earley, vice president at Lee & Associates, along with Jeff Galante and Terry Grapenthin, represented Venture One Real Estate during the transaction. They have also been retained by Venture One to market the building for lease, indicating ongoing engagement in the property's future use.

Players

Ryan Earley

Lee & Associates

Broker

$17.6M

vol

7 deals

Broker
Venture One Real Estate
Venture One Real EstateBuyer

Romeoville Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93