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6900 N Austin Ave, Niles, I...

Updated Oct 29, 2024

Venture One Real Estate Acquires Niles Property At 6900 N Austin Ave With Seller's Rep Christopher Volkert
SOLDIndustrial

Venture One Real Estate Acquires Niles Property At 6900 N Austin Ave With Seller's Rep Christopher Volkert

6900 N Austin Ave, Niles, IL, 60714

Building Size

179,508 SF

Asset Type

Industrial

Closing

Nov 19, 2023

About this deal

AI

The property asset involved in the transaction is a 179,508-square-foot industrial building located at 6900 N Austin Ave, Niles, IL, 60714. This property is fully leased to one tenant and was constructed in 1980. It features a clear height of 21 feet, nine docks, one drive-in door, parking for 120 cars, and 4,820 square feet of office space. The transaction occurred in the Niles market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Undisclosed
  • Address: 6900 N Austin Ave, Niles, IL, 60714
  • Market: Niles
  • Seller's Representative: Christopher Volkert-Colliers International
  • Buyer: Venture One Real Estate
  • Seller: Undisclosed
  • Square Footage: 179,508

Venture One Real Estate's acquisition fund, VK Industrial V LP, is a partnership between Venture One and Kovitz Investment Group. Christopher Volkert represented the undisclosed seller in this transaction.

On the Map

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Industrial

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Players

Christopher Volkert

Colliers

Broker

6 deals

Broker
Venture One Real Estate
Venture One Real EstateBuyer
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Niles 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

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