3312 S Cicero Ave - Warehouse FOR SALE
Cicero, IL 60804 |
$12,500,000 USD
407-362-1758
3312 S Cicero Ave
Cicero, IL 60804
HIGHLIGHTS
- Property Size: 3 buildings totaling ±52,750 square feet of small bay space, providing stable cash flow with potential for rent increases.
- Assumable Loan: Opportunity to assume a loan with a competitive 3.8% fixed interest rate, expiring in 2031, adding long term stability.
- Favorable Financing: $6,123,000 remaining CMBS loan balance for both properties, enhancing potential returns.
- Attractive Net Lease Structure: All tenants have NNN leases, limiting landlord responsibilities.
- Newer Construction (2020): Modern 8,433 SF retail building with high-quality finishes and minimal capital expenditure requirements.
- Extremely High Population: There are over 258,000 residents in a 3-mile radius and over 698,000 in a 5-mile radius.
OVERVIEW
FOR SALE DETAILS
PRICE
$12,500,000 USD
PRICE/SF
$647 USD /SF
CAP RATE
6.11%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
INDUSTRIAL & STRIP CENTER PORTFOLIO
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
ADD'L SUBTYPES
undefined, Distribution, Light Distribution
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1986
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
4
DRIVE INS
23
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C-3, Edgewood
APN/PARCEL ID
11-2329-3668-00-590
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
407-362-1758
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
407-362-1758
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
