18355 Enterprise Ave - Manufacturing FOR SALE


Nashville, IL 62263
$15,488,251 USD
404-635-8859
18355 Enterprise Ave, Nashville, IL for Sale
$15,488,251 USD
Manufacturing - FOR SALE
1/6
null | 8% Cap Rate

18355 Enterprise Ave
Nashville, IL 62263


HIGHLIGHTS

  • STRONG CORPORATE CREDIT
  • LONG-TERM SITE TENANCY & HEAVY TENANT INVESTMENT
  • ATTRACTIVE RENTAL INCREASES
  • PASSIVE LEASE STRUCTURE
  • STRATEGIC LOGISTICS LOCATION
  • RECENT EXPANSION & BUILDING IMPROVEMENTS

OVERVIEW

Northmarq Commercial is pleased to offer for sale to qualified investors the 100% fee simple interest in this 276,887-square-foot industrial manufacturing and distribution facility located at 18355 Enterprise Avenue in Nashville, Illinois (the “Property”). The Property is leased to Antolin Interiors USA, Inc., (the “Tenant”), and guaranteed by the Tenant’s multinational parent, Grupo Antolin Irausa, S.A. (the “Guarantor”). The Property is a key North American production facility with 750 employees focused on the manufacture of cockpit modules, including instrument panels, center consoles and glove boxes, which are designed, engineered, and manufactured to specification for notable customers such as BMW, Ford, Volkswagen, GM, Chrysler, Tata, Toyota, and Honda. Originally constructed in 1987, the Property is leased to Antolin Interiors USA, Inc. under a highly passive double net (NN) lease with 1.9% annual escalations and 2, 5 year option to renew. Situated on 24.4 acres of land, the Property has been expanded multiple times over the Tenant’s 30+ year occupancy to accommodate the Tenant’s growth as a Tier 1 Original Equipment Manufacturer (“OEM”) to the automotive industry. The most recent expansion included an additional 63,776 square-feet of floor space in 2017 and a partial re-roofing of 114,471 square feet in 2018. The Tenant has invested over $30 million of its own capital into the space in both upgrades and heavy machinery to support its state-of-the-art manufacturing operation, which requires the facility to feature crane capacity of up to 50 tons. The Property is strategically located only 50 miles outside of St. Louis, and less than 2 miles from Interstate 64, a critical east-west distribution corridor that spans 953 miles and overlaps with multiple critical north-south interstate highways, including I-55, I-57, I-75, I-77, I-81, and I-95.

FOR SALE DETAILS

PRICE

$15,488,251 USD

PRICE/SF

$56 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grupo Antolin Automotive Interiors

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

UTILITIES

-

CLEAR CEILING HT

31 Ft

DOCKS

13

DRIVE INS

2

PARKING SPACES

365

LAND DETAILS

LAND ACRES

24.39

LAND SF

1,062,428

ZONING

LI

APN/PARCEL ID

02-13-07-100-010

ASK ABOUT THIS PROPERTY

Jason PowellNorthmarqMore Info
404-635-8859

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Jason PowellNorthmarqMore Info
404-635-8859

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