Updated Nov 21, 2025
Venture One Real Estate Secures $54 Million Loan From Wells Fargo For Kenosha Industrial Asset
10601 38th Street
$54,000,000
$53/SF
Building Size
1,004,400 SF
Asset Type
Industrial
Closing
Nov 18, 2025
About this deal
AI
The asset involved in the transaction is a fully leased industrial property located at 10601 38th Street, Kenosha, WI. The facility spans 1,004,400 square feet and was constructed in 2022. It is situated just off I-94, strategically positioned between Milwaukee and Chicago, and is part of Venture One Real Estate's 21 million square foot portfolio.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $54,000,000
- Lender: Wells Fargo
- Landlord: Venture One Real Estate
- Previous Loan Amount: $41,300,000
The transaction involves Venture One Real Estate securing a refinancing loan from Wells Fargo to replace a previous loan. This facility is leased to Amazon and underscores Venture One's investment strategy, which includes another one million square foot property leased to Amazon in Channahon, Ill.
On the Map
$54,000,000
$53/SF
Industrial
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Players
Kenosha Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93