Lee & Associates of Illinois, as exclusive representative of the owner, is pleased to present the opportunity to acquire a two-property shallow-bay industrial portfolio in Wauconda, Illinois. The portfolio consists of a 32,202-square-foot single-tenant industrial building at 1200 Karl Court and a 50,040-square-foot multi-tenant industrial building at 1210-1220 Karl Court. Together, the assets provide investors with a diversified rent roll supported by three established industrial tenants across two buildings.
The portfolio is currently 100% occupied and generates current net operating income of $535,421. Tenant retention and leasing momentum are demonstrated through multiple recent lease extensions and renewals. Hatch Product Development executed a new 66-month lease in 2026 with an additional five-year renewal option, while Volume Distributors extended its lease through March 31, 2031. On Point Installations extended its lease through October 31, 2030, further supporting income continuity.
Located within Lake County's industrial market, the portfolio benefits from access to the regional labor pool serving Chicago's northern suburbs. The combination of a single-tenant facility and a multi-tenant industrial asset provides a balance of income stability and diversification. With a weighted average lease term of approximately 4.79 years as of August 1, 2026, contractual annual rent growth exceeding 3.0%, and an average tenant tenure of 3.60 years, the offering presents a stabilized industrial investment opportunity with embedded rental growth and demonstrated tenant commitment.