Scott McKibben Of Matterhorn Venture Partners Acquires Industrial Building In Romeoville For Upgrade
805 Forestwood Drive
Building Size
16,500 SF
Asset Type
Industrial
Closing
Nov 12, 2025
AI
805 Forestwood Drive is an industrial property located in Romeoville, IL, encompassing a total area of 16,500 square feet. This asset was acquired through a limited marketing process, with specific plans for upgrades and leasing to enhance its value within the I-55 Corridor submarket.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 805 Forestwood Drive
- Market: Romeoville
- Buyer: Scott McKibben - Matterhorn Venture Partners
- Acquisition Count: 10th acquisition for Matterhorn Venture Partners
- Acquisitions in Chicago MSA: 3
Scott McKibben, representing Matterhorn Venture Partners, facilitated the acquisition of the property, focusing on bringing below-market rents up to competitive levels in the market. This strategic move is part of the company's overall growth strategy in the Chicago area.
Players
Romeoville 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