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.