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951 Lunt Avenue

Mark Goode And Roy Splansky Acquire Industrial Property At 951 Lunt Avenue In Elk Grove Village
SOLDIndustrial

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

Calum Payne

CBRE

Broker

$6.2M

vol

7 deals

Broker

Elk Grove Village 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