Updated Jul 8, 2026
SOLDIndustrial
Levi Cohen Of Warespace Acquires 71,689 Square Foot Industrial Property In Downers Grove For Repositioning
1400 Center Circle Drive
Building Size
71,689 SF
Asset Type
Industrial
Closing
Jul 8, 2026
About this deal
AI
The transaction involves the sale of an industrial property located at 1400 Center Circle Drive in Downers Grove, Illinois. The asset encompasses a total square footage of 71,689 and is situated within the Downers Grove market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1400 Center Circle Drive
- Market: Downers Grove, IL
- Asset Size: 71,689 SF
- Buyer: Levi Cohen
- Buyer Company: Warespace
Levi Cohen, representing Warespace, acquired the vacant building with plans to transform it into approximately 100 micro-bay warehouse units. This initiative aims to support over 80 small businesses and represents Warespace's expanding presence in the Chicago area, marking their second location in this submarket.
On the Map
Industrial
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Players
Downers Grove 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