15325 W Baker Rd - Warehouse FOR SALE


Manhattan, IL 60442
$3,650,000 USD
407-924-1408
15325 W Baker Rd, Manhattan, IL for Sale
$3,650,000 USD
Warehouse - FOR SALE
1/11
null | 7% Cap Rate

15325 W Baker Rd
Manhattan, IL 60442


HIGHLIGHTS

  • Expansive Inventory: 553 All indoor & secure vehicle storage units accommodating a vast variety of vehicles | ±131,920 NRSF
  • Onsite Management: Current live-in staff are willing to stay with new ownership and reside in the two-story residential home on property
  • Upside Potential: Unlock value through raising below-market rents/standardizing rental rates
  • Strong Demographics: Average household income $146,073 in 5 mile range
  • Strategic Location: Situated in the Southwest suburbs, approximately 40 miles from Chicago
  • Excellent Visibility: Facility is adjacent US 52/Manhattan Road with 9,150+ AADT

OVERVIEW

2024 P&L NOI: $255,628 2024 P&L Cap Rate: 7.00% Year 1 NOI: $334,766 Year 1 Cap Rate 9.17% Please contact lead agent, Hunter Robey (HRobey@ripcofl.com | 813.767.5240) for details on this listing.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Gate Storage

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Truck Terminal

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

4

PARKING SPACES

10

LAND DETAILS

LAND ACRES

11

LAND SF

479,160

ZONING

A-1, County

APN/PARCEL ID

14-12-08-200-007

ASK ABOUT THIS PROPERTY

Christopher TravisRipco Real EstateMore Info
407-924-1408

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Christopher TravisRipco Real EstateMore Info
407-924-1408

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.