Seefried Industrial Properties Purchases 4.02 Acres In Franklin Park For $4.5M From O’Brien Investment Group
11330 West Melrose Avenue
$4,500,000
Building Size
—
Asset Type
Land
Closing
Sep 14, 2026
About this deal
AI
The transaction involved the sale of 4.02 acres of land located at 11330 West Melrose Avenue in Franklin Park, Illinois. The sale price was $4,500,000, and the land is slated for the construction of an 81,670-square-foot industrial facility, with completion anticipated in June 2027.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $4,500,000
- Buyer: Greg Herren - Seefried Industrial Properties
- Seller: O’Brien Investment Group
- Broker: Jeffrey Provenza - Lee & Associates
- Planned Facility Size: 81,670 square feet
- Completion Date: June 2027
Jeffrey Provenza from Lee & Associates represented Seefried Industrial Properties in this transaction, while O’Brien Investment Group was the seller. Provenza will also retain the leasing assignment for the planned industrial facility.
On the Map
$4,500,000
Land
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93