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Office Warehouse

420 W Stone Rd

420 W Stone Rd, Villa Park, IL 60181

Listing Price: $1,400,000

Cap Rate
7.84%
Gross SF
13,600
Price/Gross SF
$102.94
Lot Size
0.56 acres
Year Built
1978
Rentable SF
13,600

Investment Overview

Marcus & Millichap is pleased to present the sale offering 420 W Stone Rd, Villa Park, IL, a fully occupied multi-tenant industrial/flex building. The property resides directly off North Avenue, a main thoroughfare of DuPage County. The subject location is surrounded by numerous economic drivers and national retailers. The 13,600 square-foot property consists of 5 industrial suites (3 total tenants) and 7 incubator style office suites which are each 500 square-feet. Each industrial unit includes a drive-in door with one end cap unit having a full dock. Each tenant is operating on a Modified Gross lease structure with room for a new owner to increase rents to market. The main industrial suite which is comprised of 4,500 square-feet is currently paying $8/SF while each office tenant is paying $13.20/SF, each having room for significant growth within the subject submarket. The acquisition of this offering provides an investor with the opportunity to acquire an industrial/flex asset within the DuPage County submarket which boasts a vacancy rate of 3.4% within a 5-mile radius for Class B & C product. At the current list price of $1,400,000 the investment generates an NOI of $109,775 which equates t o a capitalization rate of 7.84%.

Investment Highlights

  • Multi-tenant industrial/flex investment opportunity
  • Fully occupied with mix of industrial and incubator office tenancy
  • Recent capital improvements | Roof completed in 2021
  • 3.4% vacancy rate for Class B & C industrial product with a 5-mile radius
  • Affluent local demographics | Over $118,000 average household income within 5-mile radius
  • Located directly off North Ave. | Over 39,000 vehicles per day

Exclusively Listed By

Financing By

Office Warehouse

420 W Stone Rd

Listing Price: $1,400,000

Cap Rate
7.84%
Gross SF
13,600
Price/Gross SF
$102.94
Lot Size
0.56 acres
Year Built
1978
Rentable SF
13,600

Investment Highlights

  • Multi-tenant industrial/flex investment opportunity
  • Fully occupied with mix of industrial and incubator office tenancy
  • Recent capital improvements | Roof completed in 2021
  • 3.4% vacancy rate for Class B & C industrial product with a 5-mile radius
  • Affluent local demographics | Over $118,000 average household income within 5-mile radius
  • Located directly off North Ave. | Over 39,000 vehicles per day

Investment Overview

Marcus & Millichap is pleased to present the sale offering 420 W Stone Rd, Villa Park, IL, a fully occupied multi-tenant industrial/flex building. The property resides directly off North Avenue, a main thoroughfare of DuPage County. The subject location is surrounded by numerous economic drivers and national retailers. The 13,600 square-foot property consists of 5 industrial suites (3 total tenants) and 7 incubator style office suites which are each 500 square-feet. Each industrial unit includes a drive-in door with one end cap unit having a full dock. Each tenant is operating on a Modified Gross lease structure with room for a new owner to increase rents to market. The main industrial suite which is comprised of 4,500 square-feet is currently paying $8/SF while each office tenant is paying $13.20/SF, each having room for significant growth within the subject submarket. The acquisition of this offering provides an investor with the opportunity to acquire an industrial/flex asset within the DuPage County submarket which boasts a vacancy rate of 3.4% within a 5-mile radius for Class B & C product. At the current list price of $1,400,000 the investment generates an NOI of $109,775 which equates t o a capitalization rate of 7.84%.

Exclusively Listed By

Financing By

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