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570 Mitchell Road

Buyers Dominic Sergi And Jeff Gandel Acquire Industrial Building In Glendale Heights
SOLDIndustrial

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

Adam Haefner

Avison Young

Broker

$51.5M

vol

6 deals

Broker
Avison Young
Avison YoungBrokerage

Dominic Sergi

Clear Height Properties

Buyer

$76.2M

vol

7 deals

Buyer
Long Wharf Capital
Long Wharf CapitalBuyer

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