Updated Oct 14, 2026
Neil P. Doyle Of TradeLane Properties Acquires Two Industrial Facilities From Berry Plastics Corp In Alsip
5750 West 118th Street & 11700 South Central Avenue
Building Size
451,000 SF
Asset Type
Industrial
Closing
May 21, 2025
About this deal
AI
TradeLane Properties has acquired two industrial facilities located at 5750 West 118th Street and 11700 South Central Avenue in Alsip. The total asset size amounts to 451,000 square feet. The acquisition included a vacant 367,000 square foot manufacturing site and a fully leased 84,000 square foot distribution center. The financial terms of the deal remain undisclosed.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 5750 West 118th Street & 11700 South Central Avenue
- Market: Alsip
- Buyer: Neil P. Doyle - TradeLane Properties
- Seller: Berry Plastics Corp
- Brokers: Brian Kling & Jake Spinell - Colliers
Brian Kling and Jake Spinell from Colliers represented the seller, Berry Plastics Corp, in this transaction. Neil P. Doyle, representing TradeLane Properties, facilitated the acquisition. The deal was executed through TradeLane's U.S. Industrial Fund III.
On the Map
Industrial
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Players
Alsip 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