Saturday, July 15, 2023

Lee & Associates of Illinois Negotiates $2.7 Million Sale of 21,627-SF Truck Maintenance Facility in South Elgin, IL

SOLD: 21,627-SF truck maintenance facility
 1790 Gilpen Avenue, South Elgin, IL

 Rosemont, IL. — Lee & Associates, one of the largest national commercial real estate providers, negotiated the $2.7M sale of 21,627-SF truck maintenance facility located at 1790 Gilpen Avenue, South Elgin. The transaction closed on June 21, 2023.

Kenneth Franzese
 Lee & Associates represented both the buyer and the seller. Kenneth Franzese and John Cassidy, Principals, represented the seller, Rock Investment Group, LLC. John M. Joyce, Senior Associate, represented the buyer, Nomad Investment Group, LLC.

 

The building, featuring 20 drive-in doors and 1,904 square feet of office space, is an active terminal being used by the buyer.


John Cassidy
“The transportation industry remains active in Chicago’s Northwest suburbs with Industrial Outside Storage (IOS) facilities in high demand,” said Cassidy. 


“The Gilpen property has the added benefit of well-located, most notably with immediate access to I-90.”

 

CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association

 of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

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