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
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