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6220 West 73rd Street

Robert Lubeck Of G3 Enterprises Acquires Industrial Facility From Jeffrey Small Jr. For $34.4M
SOLDIndustrial

Robert Lubeck Of G3 Enterprises Acquires Industrial Facility From Jeffrey Small Jr. For $34.4M

6220 West 73rd Street

$34,400,000

$90/SF

Building Size

380,269 SF

Asset Type

Industrial

Closing

Apr 15, 2025

AI

An industrial facility located at 6220 West 73rd Street, Bedford Park, was sold for $34,400,000. The property spans 19 acres and has a total square footage of 380,269. It is a fully leased, rail-served warehouse and is situated near major highways I-55 and I-294.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $34,400,000
  • Buyer: Robert Lubeck - G3 Enterprises
  • Seller: Jeffrey Small Jr. - MDH Partners
  • Square Footage: 380,269
  • Price Per Square Foot: $90
  • Acres: 19

Robert Lubeck represented G3 Enterprises in the acquisition of the property from Jeffrey Small Jr., who represented MDH Partners in the transaction. The facility was part of MDH's entry into the Illinois market with an $83 million portfolio in 2021.

Players

MDH Partners
MDH PartnersSeller

Chicago 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

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93