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Justin Klumak And Evan Schwartz Acquire Industrial Warehouse In Alsip From Donovan Marine

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SOLD

Illinois

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Industrial92,000 SF
Sold 08/01/2025
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Property Image
SOLD

Justin Klumak And Evan Schwartz Acquire Industrial Warehouse In Alsip From Donovan Marine

5000 West 123rd Street

See Similar Deals
Industrial92,000 SF
Sold 08/01/2025
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Industrial
Total Square Footage:92,000 SF
Transaction Type:Sale

This industrial asset, located at 5000-5012 West 123rd Street in Alsip, features an area of 92,000 square feet and has a clear ceiling height of 24 feet. The property will have approximately 13,000 to 45,000 square feet available for lease following the acquisition.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Buyer: Justin Klumak & Evan Schwartz
  • Seller: Donovan Marine
  • Broker: Laura Perlman - DarwinPW Realty

The transaction involves Lyonhill as the buyer, which indicates potential for significant renovations aimed at accommodating new tenants in the warehouse space. The deal emphasizes the strategic acquisition in the Alsip market.

Players

Laura Perlman
Laura Perlman
2 deals$3.6M volume(773) 714-2147
BROKER
DR
DarwinPW Realty
BROKERAGE

Details

SOLD
IMAGE: Justin Klumak, Evan Schwartz & Laura Perlman DATE: 08/01/2025 ADDRESS: 5000-5012 West 123rd Street MARKET: Alsip ASSET TYPE: Industrial ~ SF: 92,000 BUYER: Justin Klumak (@JustinKlumak) & Evan Schwartz - Lyonhill (@LyonhillUSA) SELLER: Donovan Marine BROKER: Laura Perlman - DarwinPW Realty NOTE: Lyonhill has acquired this 92,000 sq.ft warehouse at 5000-5012 W. 123, Alsip, IL. The property has 24' clear ceiling height and will have space between approx 13,000-45,000 sq.ft available for lease. Lyonhill plans major renovations to this property to welcome new tenants.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04