Updated Oct 29, 2024
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $2,850,000.00
- Address: 515 Anderson Dr, Romeoville, IL, 60446
- Market: Romeoville
- Buyer: Venture One Real Estate
- Buyer's Representative: Ryan Earley, Jeff Galante & Terry Grapenthin - Lee & Associates
- Square Footage: 37,720
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.
On the Map
$2,850,000
$75/SF
Industrial
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Players
Romeoville 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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93