Industrial N Illinois

Venture One fund snaps up 82,000-SF industrial portfolio

Venture One fund snaps up 82,000-SF industrial portfolio,ph1

Venture One Real Estate—through its acquisition fund, VK Industrial IV, LP, a partnership between Venture One and Kovitz Investment Group—has closed on the acquisition of a 82,242-square-foot, two-building industrial portfolio located at 1200 Karl Court and 1210 Karl Court in Wauconda, Illinois. Both properties were vacant at acquisition.

1200 Karl Court features 21-foot clear height, three exterior docks, one drive-in door and parking for 48 cars. The 32,202 square foot, single-tenant building is equipped with an ESFR sprinkler system, LED lighting and 4,434 square feet of office space.

1210 Karl Court features 28-foot clear height, eight exterior docks, two drive-in doors and parking for 88 cars. The 50,040-square-foot building is demised into a 35,040-square-foot unit and a 15,000-square-foot unit. The building is equipped with an ESFR sprinkler system, LED lighting and 8,878 square feet of office space.

Ned Frank and Pat Hake of Colliers International represented the seller in the transaction and will be retained by Venture One to market the properties for sale or lease.