Industrial Portfolio FOR SALE


Rochelle, IL
$9,700,000 USD
262-364-1926
, Rochelle, IL for Sale
$9,700,000 USD
FOR SALE
1/2
null | 8.95% Cap Rate

Industrial Portfolio
Rochelle, IL


HIGHLIGHTS

  • Four-building industrial portfolio on four parcels.
  • Investment with immediate yield.
  • Potential development opportunities.
  • Located in a prime intermodal hub.

OVERVIEW

Marcus & Millichap, as exclusive advisor, is pleased to offer for sale a four-building industrial portfolio located at 324 Errett Rd, 100 E. Quarry Rd, 111 5th Ave & 500 N Caron Rd. in Rochelle, IL. This portfolio consists of four buildings on four parcels totaling approximately 252,638 square feet and sits on approximately 49.49 acres. 324 Errett is listed for $4,880,000, 100 E Quarry is listed for $2,365,00 and 111 5th/500 N Caron is listed for $2,455,000 for a total offering price of $9,700,000. This portfolio provides an investor an attractive day one yield, while also providing additional upside through lease up as well as potential development opportunities. 324 Errett Rd is 100% occupied by Del Monte on a short-term lease. 100 E Quarry Rd is 100% occupied by Hickory Grove Alloys on a long-term lease. 111 5th Ave is approximately 25.1 acres with two buildings on the parcel. Building one is approximately 97,158 square feet and Building two is approximately 8,325 square feet with a total of seven tenants. 500 N Caron Rd is approximately 15.87 acres of vacant land, primed for new industrial development potential. Illinois Broker of Record: Steven Weinstock Marcus & Millichap Steven.Weinstock@MarcusMillichap.com Lic #: 471.011175

ASK ABOUT THIS PROPERTY

Jonathan RauhMarcus & MillichapMore Info
262-364-1926

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Jonathan RauhMarcus & MillichapMore Info
262-364-1926

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