Mark Goode And Roy Splansky Acquire Industrial Property At 951 Lunt Avenue In Elk Grove Village
951 Lunt Avenue
Building Size
74,975 SF
Asset Type
Industrial
Closing
Dec 6, 2024
AI
An industrial building located at 951 Lunt Avenue in Elk Grove Village was acquired by Venture One Real Estate. The property spans 74,975 square feet and is situated on a 3-acre lot. Plans for the vacant property include renovations, which will feature office upgrades and energy-efficient improvements.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Address: 951 Lunt Avenue
- Market: Elk Grove Village
- Square Footage: 74,975
- Acres: 3
- Buyer: Mark Goode & Roy Splansky - Venture One Real Estate
- Broker: Calum Payne & Matthew Mulvihill - CBRE
Venture One Real Estate completed the acquisition through its VK Industrial VII LP fund, with CBRE representing the seller in this transaction. The key individuals involved include Mark Goode and Roy Splansky as buyers, alongside brokers Calum Payne and Matthew Mulvihill facilitating the deal.
Players
Elk Grove Village Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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