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7777 North Merrimac Avenue

Mark Goode Of Venture One Real Estate Acquires Industrial Building In Niles For $42,224 SF
SOLDIndustrial

Mark Goode Of Venture One Real Estate Acquires Industrial Building In Niles For $42,224 SF

7777 North Merrimac Avenue

Building Size

42,224 SF

Asset Type

Industrial

Closing

Jun 24, 2025

AI

Venture One Real Estate acquired a fully leased industrial building located at 7777 Merrimac Avenue in Niles, IL. The property encompasses 42,224 square feet and is situated on 2.4 acres.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 7777 Merrimac Avenue
  • Market: Niles
  • Buyer: Mark Goode - Venture One Real Estate
  • Broker: Bill Lussow - Bespoke Commercial Real Estate

Bill Lussow of Bespoke Commercial Real Estate represented the brokerage for this transaction. The deal involved the VK Industrial VII fund managed by Venture One Real Estate, highlighting the focused investment strategy within the industrial sector.

Players

Bill Lussow

Bespoke Commercial Real Estate

Broker

3 deals

Broker
Bespoke Commercial Real Estate
Bespoke Commercial Real EstateBrokerage
Mark Goode

Mark Goode

Venture One Real Estate

Buyer

$306.9M

vol

12 deals

Buyer
Venture One Real Estate
Venture One Real EstateBuyer

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