Jason Caplan - Commercial Real Estate Showcase

Jason Caplan Property Listings
Industrial Advisor
SVN l Chicago Commercial
940 W Adams St
Suite 200
Chicago, IL 60607-2614
(312) 676-1869
(312) 676-1867

345 N Skokie Highway

Gurnee, IL 60031-2984 - North Lake County Ind Submarket

Property Type:Industrial Sub Type:- Status:Existing Year Built:-
Building Size:21,938 SF Land Area:1.16 AC (50,530 SF)
Ceiling Height:- Loading Docks:- Rail:- Power:-
For Sale Price:$1,750,000 Price/SF:$79.77
Cap Rate:-
Zoning:I-1, Gurnee Sprinklers:- Drive Ins:- Cranes:-
Parking:11 Surface spaces are available; Ratio of .5/1,000 SF

Absolute Net Investment

21,938 SF Single Tenant Industrial Distribution/Warehouse - 5 Yr. Lease, 4 Yrs. Remaining

Located on US Hwy 41; Excellent Visibility & Access; 39,900 VPD

Sale Notes:
SVN Chicago Industrial is pleased to offer the sale of 345 N Skokie Highway in Gurnee, IL. The subject offering includes two separate, distribution/ warehouse buildings with a combined total of 21,938 SF situated on 1.16 acres. Reladyne, the established leader in lubricant sales and distribution was recently acquired by Audax Private Equity, a $4 billion private equity institution. The lease has more than four years remaining on their Single Tenant Absolute NNNN Lease. In addition, this lease carries 4, five year options with rent bumps correlated to the CPI. Additional month to month rental income on approximately 5,300 SF, for the past 8 years is included. (Upon close of escrow, a 1 year sublease with 90 day cancellation clause will be executed to document the current building usage.)

This industrial property is ideally suited for both warehousing and distribution as it has ample turn radius, 2 cross docks, and situated on the entrance ramp of US Hwy 41. This highway serves as a major north-south arterial expressway for much of the routing through Chicago's northern suburbs, as well as an oft-used alternate for truckers avoiding the cost of tolls on the Tri-State Tollway (I-94), connecting WI, IL, and IN.

SVN l Chicago Commercial
Jason Caplan
(312) 676-1869

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