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933 Tower Road

Portokali Investments LLC Purchases 933 Tower Road Industrial Property In Mundelein, IL
SOLDIndustrial

Portokali Investments LLC Purchases 933 Tower Road Industrial Property In Mundelein, IL

933 Tower Road

Building Size

48,005 SF

Asset Type

Industrial

Closing

May 27, 2025

AI

The transaction involved the sale of an industrial asset located at 933 Tower Road in Mundelein, IL, encompassing a total area of 48,005 square feet. The property was previously utilized by a printing company and has changed ownership as part of this transaction.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Undisclosed
  • Asset Size: 48,005 SF
  • Address: 933 Tower Road
  • Market: Mundelein
  • Buyer: Portokali Investments LLC
  • Buyer's Representative: Dan Prendergast & George Cibula - DarwinPW Realty/CORFAC International
  • Seller's Representative: Collin Tyrrell & Dan Brown - Brown Commercial Group

This transaction was facilitated by DarwinPW Realty/CORFAC International, with the buyer, Portokali Investments LLC, acquiring the property, while the seller was represented by Brown Commercial Group. The brokerage teams played a crucial role in the completion of this closed deal.

Players

Dan Brown

Brown Commercial Group

Broker

$3.3M

vol

4 deals

Broker

Mundelein 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