facebook
Traded Co logo
Submit
Daily limit: 0/10

Michael Clewlow Of Venture One Acquires Industrial Building From Levi Holdings For $6.187M

Property Image
SOLD
$6,187,000
Jeffrey (Jeff) Janda
Calum Payne

Illinois

See Similar Deals
Industrial59,778 SF
Sold 09/12/2024
the dealplayerscompscontact
Property Image
SOLD

Michael Clewlow Of Venture One Acquires Industrial Building From Levi Holdings For $6.187M

700 District Drive

See Similar Deals
Industrial59,778 SF
Sold 09/12/2024
Jeffrey (Jeff) Janda
Calum Payne
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Industrial
Price Per Square Foot:$103
Total Square Footage:59,778 SF
Transaction Type:Sale

An industrial building located at 700 District Drive in Itasca, IL was sold for $6,187,000. The property encompasses a total area of 59,778 square feet, translating to a price per square foot of $103.

Summary of transaction details:

The transaction was facilitated by Lee & Associates, with Jeffrey Janda representing the seller, Levi Holdings. The buyer, Michael Clewlow of Venture One, was advised by his representative Calum Payne, who is affiliated with CBRE. The property was pre-leased to HVAC contractor Premistar at the time of the sale.

Players

Jeffrey (Jeff) Janda
Lee & Associates
Jeffrey Janda
27 deals$27.2M volume(847) 736-7338
BROKER
Calum Payne
CBRE
Calum Payne
7 deals$6.2M volume(847) 706-4995
BROKER

Details

SOLD
IMAGE: Jeffrey Janda, Michael Clewlow & Calum Payne DATE: 09/12/2024 ADDRESS: 700 District Drive MARKET: Itasca ASSET TYPE: Industrial BUYER: Michael Clewlow - Venture One SELLER: Levi Holdings BUYER'S REP: Calum Payne - CBRE (@CBRE) SELLER'S REP: Jeffrey Janda - Lee & Associates (@LeeAssociatesRE) SALE PRICE: $6,187,000 SF: 59,778 ~ PPSF: $103 NOTE: Lee & Associates closed a $6.187 million sale of a 59,778-square-foot industrial building at 700 District Drive in Itasca, IL, on September 12, 2024. The seller, Levi Holdings, was represented by Jeffrey J. Janda, while the buyer, Venture One, purchased the building pre-leased to HVAC contractor Premistar, represented by Cal Payne of CBRE.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$329,973.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,981.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,329.54
Annual Debt Service$351,954.44