5250599 N Williams St Portfolio Flex FOR SALE


Thornton, IL
$3,329,000 USD
317-750-2034
, Thornton, IL for Sale
$3,329,000 USD
Flex - FOR SALE
1/3
null | 8.25% Cap Rate

5250599 N Williams St Portfolio
Thornton, IL


HIGHLIGHTS

  • Three Building Industrial Portfolio | Located in an Industrial Corridor | Situated on Three Separate Parcels Side by Side
  • 96% Occupied with a Total of 21 Tenants | Net Leases and Annual Rental Increases for All Tenants | Below Market Rents
  • Each Tenant Either has a 10’ or a 12’ Over Door and a Small Office Space | Five Total Bays on the Back of Two of the Buildings
  • Property is Below Replacement Cost at $76.05 per SF | Well-Maintained Property with Consistent Renovations
  • Situated Near Heavily Traveled Interstates | Near Multiple Modes of Transportation

OVERVIEW

The three-building industrial portfolio is located in a thriving industrial corridor and is 96% occupied with 21 tenants. Spanning three adjacent parcels, each tenant benefits from a 10’ or 12’ overhead door and a small office space. The property features five bays on the back of two buildings and is surrounded by 27 million square feet of industrial space within a five-mile radius. Offering below-market rents, the well-maintained property has undergone consistent renovations and is priced below replacement cost at $76.05 per square foot. All tenants have net leases with annual rental increases, and most have two five-year renewal options. Recent updates include a new sealcoat in 2024, a new roof on the north building, and full rehabilitation of all three buildings, including electric, plumbing, and HVAC.

ASK ABOUT THIS PROPERTY

Phoebe KleinSharko | Weisenbeck | Mendoza GroupMore Info
317-750-2034

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Phoebe KleinSharko | Weisenbeck | Mendoza GroupMore Info
317-750-2034

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