17730-17740 Hoffman Way - Warehouse FOR SALE


Homewood, IL 60430
$3,868,000 USD
407-261-4404
17730-17740 Hoffman Way, Homewood, IL for Sale
$3,868,000 USD
Warehouse - FOR SALE
1/5
null | 8% Cap Rate

17730-17740 Hoffman Way
Homewood, IL 60430


HIGHLIGHTS

  • Premier Position in Chicago’s South Suburban Industrial Corridor
  • Both Tenants Recently Extended Leases
  • 100% Occupied Net Leased Industrial Property with Two Credit Tenants
  • Institutional-Grade Precast Construction | Below Replacement Cost at $106 PSF
  • Optimal Shallow Bay Configuration

OVERVIEW

Simaan Real Estate is pleased to exclusively offer for sale the 100% fee simple interest in 17730–17740 Hoffman Way, a well maintained, 36,463 SF industrial facility situated on 2.70 acres in Homewood, Illinois. This offering represents a rare opportunity to acquire a stabilized, institutional-quality asset at a highly attractive basis of $106 per SF, significantly below replacement cost. The subject property is strategically located in the heart of South Cook County with regional connectivity to I-80, I-57, I-294 and convenient access to three major airports, two major ports and rail. Positioned in the heart of Chicago’s high-demand South Cook County industrial corridor, the site delivers premier supply chain connectivity and long-term intrinsic value. The building features an optimal shallow bay configuration and is 100% occupied by two established credit tenants, ANDRITZ Dedert Corporation and Feldco. Both tenants recently extended their NNN leases, which demonstrates their long term commitment to the site and provides reliable cash flow with minimal landlord obligations. **Contact broker for offering memorandum. Please do not disturb tenants**

FOR SALE DETAILS

PRICE

$3,868,000 USD

PRICE/SF

$106 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, R&D, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

3

PARKING SPACES

84

LAND DETAILS

LAND ACRES

2.7

LAND SF

117,612

ZONING

-

APN/PARCEL ID

29-32-101-064-0000,29-32-101-065-0000

ASK ABOUT THIS PROPERTY

Toufic SimaanSimaan Real Estate, LLCMore Info
407-261-4404

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Toufic SimaanSimaan Real Estate, LLCMore Info
407-261-4404

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