Updated Aug 4, 2026
Dax Mitchell Of MAG Capital Partners Acquires 240,000 SF Industrial Facility In Chicago Heights
1001 State Street
Building Size
240,000 SF
Asset Type
Industrial
Closing
Aug 4, 2026
About this deal
AI
The property asset involved in the transaction is located at 1001 State Street in Chicago Heights, Illinois. It is an industrial facility with a total area of 240,000 square feet, situated on a 15.78-acre lot and includes rail access.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Buyer: Dax Mitchell
- Buyer Company: MAG Capital Partners
- Broker: Mark Masino
- Broker Agency: Surmount
- Seller: Undisclosed local family office
- Financing arranged by: Resolute Structured Capital
This transaction highlights the involvement of Dax Mitchell, representing MAG Capital Partners, as the buyer of the facility that serves as the headquarters and manufacturing plant for Applied Acoustics International, a Tier 1 automotive supplier. The transaction was facilitated by Mark Masino from Surmount, representing the seller in the deal.
On the Map
Industrial
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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