Venture One Real Estate through its acquisition fund, VK Industrial IV, LP, has closed on the acquisition of a 55,276-square-foot industrial building on 6.51 acres at 3300 16th St. in Zion, Illinois.
The 24-foot clear, precast building has seven loading docks, one drive-in door and parking for 74 cars. The property is equipped with an ESFR sprinkler system, T-5 Lighting and 3.44 acres of land that can be used for a building expansion or converted into parking or outside storage.
Following a short leaseback with the seller, the building will be available for lease in April of 2018.
Sergio Chapa and Mike Prost of Newmark Knight Frank represented the seller in the transaction and will be retained by Venture One to market the property.
