Michael Brennan Of Brennan Investment Group Acquires 97,568 SF Industrial Building In Addison IL
Building Size
97,568 SF
Asset Type
Industrial
Closing
Aug 13, 2025
AI
An industrial building comprising 97,568 square feet is located at I-355 & O'Hare Airport in Addison, Illinois. The property was part of a sales transaction completed on August 13, 2025.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: I-355 & O'Hare Airport, Addison, IL
- Market: Addison
- Buyer: Michael Brennan
- Buyer's Company: Brennan Investment Group
Michael Brennan, representing Brennan Investment Group, has completed this acquisition as part of the firm’s inaugural Opportunity Fund that focuses on targeting user-owned assets. This transaction marks the fifth purchase under the Opportunity Fund initiative.
Players
Market 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