Buyers Dominic Sergi And Jeff Gandel Acquire Industrial Building In Glendale Heights
570 Mitchell Road & 590 Mitchell Road
Building Size
58,710 SF
Asset Type
Industrial
Closing
Jul 25, 2025
AI
The property is a fully leased industrial asset located at 570-590 Mitchell Road in Glendale Heights, Illinois, spanning 29,355 square feet.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Date: 07/25/2025
- Address: 570-590 Mitchell Road
- Market: Glendale Heights
- Asset Size: 29,355 SF
- Buyer: Dominic Sergi - Clear Height Properties & Jeff Gandel - Long Wharf Capital
- Brokers: Adam Haefner & Nick Fazio - Avison Young
The deal was driven by a joint venture between Dominic Sergi of Clear Height Properties and Jeff Gandel of Long Wharf Capital. The partnership is associated with a broader national activity in the industrial sector, with Clear Height having sold more than $950 million in assets and Long Wharf investing approximately $1.5 billion across more than 90 deals nationwide.
Players
Glendale Heights 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