250 E Devon Ave - Office FOR SALE
Itasca, IL 60143 |
$15,824,557 USD
203-610-1541
250 E Devon Ave
Itasca, IL 60143
HIGHLIGHTS
- Investment Grade Credit: Ajinomoto Co. Inc, which holds an investment grade credit rating of A+.
- Passive Investment: Long term NNN lease with approximately 10 years of term remaining and annual rent escalations.
- Strategic Market Positioning: The location houses the North American HQ with R&D space close to Chicago's O'Hare Airport.
- Significant Tenant Investment: Ajinomoto invested approximately $7mm to renovate the facility.
- Data Center Driven Submarket: NTT Global recently constructed a data center minutes away.
OVERVIEW
Ajinomoto N.A. is the is the global leader in the research, development, manufacture, and sale of amino acid-based products for the pharmaceutical, nutraceutical, sports nutrition, health, and beauty industries, as well as food ingredients. The Company is comprised of four business divisions and two subsidiaries that provide innovative solutions to meet various needs of North American consumers with better taste, nutrition, health, and wellness.
FOR SALE DETAILS
PRICE
$15,824,557 USD
PRICE/SF
$266 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Ajinomoto Health and Nutrition North America,
PROPERTY TYPE
Office
ADD'L SUBTYPES
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
6.54 AC
LAND SF
284,882 SF
ZONING
C
APN/PARCEL ID
03-05-102-005,03-05-102-010
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203-610-1541
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203-610-1541
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