Skip to main content

Warehouse

Elk Grove Village Multi-Tenant Industrial

1251 Pagni Dr, Elk Grove Village, IL 60007

Listing Price: $2,000,000

Cap Rate
6.55%
Lot Size
1.11 acres
Year Built
1977
Rentable SF
20,000

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 1251-1253 Pagni Dr, Elk Grove Village, IL. The subject property is a 20,000 square-foot multi-tenant warehouse facility that will be offered to be purchased with a 1-year sale-leaseback from the current owner which will be executed at the close of escrow, while the other tenant is set to expire in June of 2023. The current owner, Print Management Group, Inc, is a full-service commercial printing and fulfillment company. At close of escrow, Print Management Group, Inc is offering to sign a 1-year triple net lease. The facility contains approximately 87.5% warehouse build-out, 16’ clear height, 2 internal docks and three drive-in doors. The purchase of this offering presents an investor or owner-user with the opportunity to own and reposition an industrial asset in the heart of Elk Grove Village. This location allows immediate access to Interstates 90, 290, 94, and 294 and O’Hare International Airport. At the current list price of $2,000,000 the offering will generate an NOI of $130,916 which equates to a capitalization rate of 6.55%.

Investment Highlights

  • Multi-tenant industrial investment opportunity
  • Minimal office build-out | 87.5% warehouse
  • 6B tax designation in-place
  • Elk Grove Village Business Park | Largest industrial park in North America
  • Just north of O'Hare International Airport | 3-miles from runways
  • Strong local demographics | Average household income of $107,000+ within 5-mile radius
  • 2.2% vacancy rate for class B & C industrial product within a 3-mile radius
  • Immediate access to Interstates 90, 290, 94, and 294

Exclusively Listed By

Warehouse

Elk Grove Village Multi-Tenant Industrial

Listing Price: $2,000,000

Cap Rate
6.55%
Lot Size
1.11 acres
Year Built
1977
Rentable SF
20,000

Investment Highlights

  • Multi-tenant industrial investment opportunity
  • Minimal office build-out | 87.5% warehouse
  • 6B tax designation in-place
  • Elk Grove Village Business Park | Largest industrial park in North America
  • Just north of O'Hare International Airport | 3-miles from runways
  • Strong local demographics | Average household income of $107,000+ within 5-mile radius
  • 2.2% vacancy rate for class B & C industrial product within a 3-mile radius
  • Immediate access to Interstates 90, 290, 94, and 294

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 1251-1253 Pagni Dr, Elk Grove Village, IL. The subject property is a 20,000 square-foot multi-tenant warehouse facility that will be offered to be purchased with a 1-year sale-leaseback from the current owner which will be executed at the close of escrow, while the other tenant is set to expire in June of 2023. The current owner, Print Management Group, Inc, is a full-service commercial printing and fulfillment company. At close of escrow, Print Management Group, Inc is offering to sign a 1-year triple net lease. The facility contains approximately 87.5% warehouse build-out, 16’ clear height, 2 internal docks and three drive-in doors. The purchase of this offering presents an investor or owner-user with the opportunity to own and reposition an industrial asset in the heart of Elk Grove Village. This location allows immediate access to Interstates 90, 290, 94, and 294 and O’Hare International Airport. At the current list price of $2,000,000 the offering will generate an NOI of $130,916 which equates to a capitalization rate of 6.55%.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower