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8130 River Drive

Barry Missner Purchases Industrial Property From Gary Shakin In Morton Grove For $2.9M
SOLDIndustrial

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

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:

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.

Players

Paul Proano

Coldwell Banker

Broker

$14.2M

vol

4 deals

Broker
Coldwell Banker
Coldwell BankerBrokerage

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