Marcus & Millichap is pleased to offer the opportunity to acquire a three-building industrial manufacturing portfolio totaling +/- 127,028 SF located at 501, 505, 507, 509, 511 West Algonquin Road Arlington Heights, IL 60005 (“Assets”, “Buildings”, or “Portfolio”). The Assets are leased to Buhrke Industries, LLC (“Tenant”) with a corporate guarantee from IMS Companies, LLC.
This offering presents the rare opportunity to acquire three infill manufacturing Assets with completely passive ownership for +/- 4.0 years and outstanding security in the value of the underlying real estate. Given the well below market rental rate, there is mid-term upside for a future investor as the Tenant’s renewal option is at 95% of FMV. Additionally, the portfolio will trade well beneath replacement cost and future ownership will benefit from the acquisition basis.