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Venture One Real Estate Secures $54 Million Loan From Wells Fargo For Kenosha Industrial Asset

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FINANCED
$54,000,000

Wisconsin

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Industrial1,004,400 SF
Financed 11/18/2025
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Property Image
FINANCED

Venture One Real Estate Secures $54 Million Loan From Wells Fargo For Kenosha Industrial Asset

10601 38th Street

See Similar Deals
Industrial1,004,400 SF
Financed 11/18/2025
the dealplayerscompscontact
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Summary

WISCONSIN
Asset Type:Industrial
Price Per Square Foot:$53
Total Square Footage:1,004,400 SF
Transaction Type:Loan

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.

Players

Wells Fargo
Wells Fargo
LENDER
Venture One Real Estate
Venture One Real Estate
LANDLORD

Details

FINANCED
IMAGE: 11/18/2025 ADDRESS: 10601 38th Street MARKET: Kenosha, WI ASSET TYPE: Industrial ~ SF: 1,004,400 LENDER: Wells Fargo LANDLORD: Venture One Real Estate LOAN AMOUNT: $54,000,000 NOTE: Venture One Real Estate landed a $54.3M refi from Wells Fargo for its fully leased, 1M SF Amazon warehouse in Kenosha, replacing a prior $41.3M loan. The 2022-built facility sits just off I-94 between Milwaukee and Chicago and is part of Venture One’s 21M SF portfolio, which includes another 1M SF Amazon lease in Channahon, Ill.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$54,000,000.00

Monthly NOI$360,000.00
Monthly Debt Service$341,316.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00