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Warehouse

Multi-Tenant Industrial in Oak Lawn

5530 W 110th St, Oak Lawn, IL 60453

Listing Price: $1,575,000

Cap Rate
7.97%
Gross SF
21,690
Price/Gross SF
$72.61
Lot Size
1.48 acres
Year Built
1978
Rentable SF
21,690

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 5530 W 110th St, a fully occupied multi-tenant industrial investment offering located in Oak Lawn, IL. The property resides in the near southwest suburbs of Chicago and in close proximity to I-294, allowing further access to I-57, I-55, and the greater Chicagoland area. Within a 3-mile radius of the subject property, there are currently 276 industrial properties under 100,000 square feet which contain an overall vacancy rate of 0.8%. The subject property consists of 21,690 square feet of industrial space, sits on 1.48 acres, and was constructed in 1978. The property is currently 100% occupied and comprised of a diverse roster of 7 tenants who occupy 12 total units. With an average unit size of 1,807 square feet and direct exterior tenant access, the incubator style units provide ease of tenant and rent replacement. Multiple tenants have recently signed new leases or renewals, showing commitment to the site and providing a staggered rent roll. All tenants operate on a modified gross lease structure through paying utility expenses. The property contains ten 12’ overhead doors and 15’ clear heights thr oughout the warehouses. The purchase of this offering presents an investor with the opportunity to acquire a fully occupied industrial asset in a well-positioned location in Chicago’s near southwest suburbs with interstate access and a strong leasing market. At the current list price of $1,575,000, the investment generates an in-place net operating income of $125,559 which equates t o a 7.97% CAP rate.

Investment Highlights

  • Fully occupied multi-tenant industrial investment offering
  • Strategic location – Close proximity to I-294
  • Incubator style units – high replaceability
  • 10 drive-in doors | 15' Clear
  • Strong leasing market | 0.8% vacancy in 3-mile radius for industrial property under 100,000 SF

Exclusively Listed By

Financing By

Warehouse

Multi-Tenant Industrial in Oak Lawn

Listing Price: $1,575,000

Cap Rate
7.97%
Gross SF
21,690
Price/Gross SF
$72.61
Lot Size
1.48 acres
Year Built
1978
Rentable SF
21,690

Investment Highlights

  • Fully occupied multi-tenant industrial investment offering
  • Strategic location – Close proximity to I-294
  • Incubator style units – high replaceability
  • 10 drive-in doors | 15' Clear
  • Strong leasing market | 0.8% vacancy in 3-mile radius for industrial property under 100,000 SF

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 5530 W 110th St, a fully occupied multi-tenant industrial investment offering located in Oak Lawn, IL. The property resides in the near southwest suburbs of Chicago and in close proximity to I-294, allowing further access to I-57, I-55, and the greater Chicagoland area. Within a 3-mile radius of the subject property, there are currently 276 industrial properties under 100,000 square feet which contain an overall vacancy rate of 0.8%. The subject property consists of 21,690 square feet of industrial space, sits on 1.48 acres, and was constructed in 1978. The property is currently 100% occupied and comprised of a diverse roster of 7 tenants who occupy 12 total units. With an average unit size of 1,807 square feet and direct exterior tenant access, the incubator style units provide ease of tenant and rent replacement. Multiple tenants have recently signed new leases or renewals, showing commitment to the site and providing a staggered rent roll. All tenants operate on a modified gross lease structure through paying utility expenses. The property contains ten 12’ overhead doors and 15’ clear heights thr oughout the warehouses. The purchase of this offering presents an investor with the opportunity to acquire a fully occupied industrial asset in a well-positioned location in Chicago’s near southwest suburbs with interstate access and a strong leasing market. At the current list price of $1,575,000, the investment generates an in-place net operating income of $125,559 which equates t o a 7.97% CAP rate.

Exclusively Listed By

Financing By

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