Multi-Tenant Small Bay/Flex Industrial FOR SALE


$52,000,000 USD
312-327-5470
for Sale
$52,000,000 USD
FOR SALE
1/17
null | 7.24% Cap Rate

Multi-Tenant Small Bay/Flex Industrial


HIGHLIGHTS

  • Three-property multi-tenant small bay/flex portfolio | In-fill suburban Chicago locations
  • Small bay incubator style suites with a WALT of approximately 2.58 years remaining
  • Majority of tenants operating on net lease or base-year tax stop structures
  • Strong mix of in-place income and value-add potential | Approximately 25% rental upside
  • Professionally leased and managed | Management willing to stay on for new purchaser | Significant capital projects completed
  • Excellent accessibility to major interstates and O’Hare International Airport | Strong suburban demographics and labor pools

OVERVIEW

The Doughty Industrial Group of Marcus & Millichap is pleased to present the fee-simple sale offering of a three-property, multi-tenant small bay/flex portfolio strategically located across the core suburban submarkets of Niles, Glenview, and Arlington Heights, Illinois. With a combined footprint of approximately 543,709 square-feet, these assets offer strong in-place income with value-add potential through both future individual parcel sales and mark-to-market increases. The purchase of this portfolio provides any investor, fund or institution with stable cash-flow and an immediate substantial footprint presence in the local market. At the current list price of $52,000,000 the offering generates an NOI of $3,763,115 which equates to a capitalization rate of 7.24%. Deal is being offered on an As-Is basis, subject to existing roofs and Cash Base Tax proration.

ASK ABOUT THIS PROPERTY

Peter DoughtyMarcus & MillichapMore Info
312-327-5470

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Peter DoughtyMarcus & MillichapMore Info
312-327-5470

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