Updated Jul 24, 2026
SOLDIndustrial
Rockford Asset Management Acquires Industrial Property In Alton For $15 Million
1410-1450 Discovery Parkway
$15,000,000
$33/SF
Building Size
450,400 SF
Asset Type
Industrial
Closing
Jun 1, 2026
About this deal
AI
The property asset involved in the transaction is located at 1410-1450 Discovery Parkway in the Alton market. It is an industrial asset that encompasses 450,400 square feet. The sale was completed for a total price of $15,000,000, equating to a price per square foot of $33.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,000,000
- Square Footage: 450,400
- Price Per Square Foot: $33
- Address: 1410-1450 Discovery Parkway
- Market: Alton
- Seller's Representative: Tyler Sharp - Marcus & Millichap
- Buyer: Rockford Asset Management
The deal involved key individuals including Joe Davidson, Steven Makowsky, Nathan Isbee, and Jacob Podolsky, who played significant roles in the transaction process. Their involvement reflects the collaborative effort required in closing such a notable deal in the industrial real estate sector.
On the Map
$15,000,000
$33/SF
Industrial
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Alton 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93