Updated May 12, 2025
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
About this deal
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.
On the Map
$34,400,000
$90/SF
Industrial
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Players
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