Updated Dec 9, 2025
Barry Missner Purchases Industrial Property From Gary Shakin In Morton Grove For $2.9M
8130 River Drive
$2,900,000
$93/SF
Building Size
31,000 SF
Asset Type
Industrial
Closing
Dec 1, 2025
About this deal
AI
The property involved in this transaction is an industrial asset located at 8130 River Drive in Morton Grove. It was sold for $2,900,000, covering a total area of 31,000 square feet, resulting in a price per square foot of $93.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,900,000
- Buyer: Barry Missner
- Seller: Gary Shakin
- Brokers: Paul Proano & Jackie Kissinger - Coldwell Banker
The key individuals in this deal include the buyer, Barry Missner, and the seller, Gary Shakin, both of whom played significant roles in the successful completion of this transaction. The brokerage team of Paul Proano and Jackie Kissinger represented the seller in this deal, providing their expertise to facilitate the transaction.
On the Map
$2,900,000
$93/SF
Industrial
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Players
Morton Grove 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93