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Net Lease

Wesinco International Inc.

2910 Falling Waters Blvd, Lindenhurst, IL 60046

Listing Price: $3,750,000

Cap Rate
7.25%
Lot Size
2.50 acres
Year Built
2004
Rentable SF
25,600

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2910 Falling Waters Blvd in Lindenhurst, Illinois, leased to Wesinco International Inc. The subject property consists of approximately 25,600 square feet of warehouse (17,408 sf) and office (8,192 sf) space and is situated on 2.5 acres of land. The single-tenant asset features a clear height of 20’ in warehouse space & 10’ in office and two exterior depressed doors, and one grade-level door. The building was built in 2003 with 40 parking spaces. The lease term is 2/1/23 through 1/31/43 with a 10-year guarantee. The blended avg. rent increase is 3.49% over the 19.5 years remaining on the current lease along with one 10-year option. Tenant reimburses for all taxes, insurance & most operating expenses, landlord covers structural repairs & replacements.

Investment Highlights

  • 25,6000 SF single tenant net lease industrial building
  • New 20 yr lease (termination rights after 10 yr)
  • Strategically located with access to I-94 highway & O'Hare Airport
  • 2004 built property with 40 parking spaces
  • 23' ceilings with two exterior depressed doors, and one grade-level door
  • Under 20% of current ownership includes officers of the Tenant

Exclusively Listed By

  • David B. Tarnoff

    Senior Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960, WI: 98170-94

    Chicago Downtown

Net Lease

Wesinco International Inc.

Listing Price: $3,750,000

Cap Rate
7.25%
Lot Size
2.50 acres
Year Built
2004
Rentable SF
25,600

Investment Highlights

  • 25,6000 SF single tenant net lease industrial building
  • New 20 yr lease (termination rights after 10 yr)
  • Strategically located with access to I-94 highway & O'Hare Airport
  • 2004 built property with 40 parking spaces
  • 23' ceilings with two exterior depressed doors, and one grade-level door
  • Under 20% of current ownership includes officers of the Tenant

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2910 Falling Waters Blvd in Lindenhurst, Illinois, leased to Wesinco International Inc. The subject property consists of approximately 25,600 square feet of warehouse (17,408 sf) and office (8,192 sf) space and is situated on 2.5 acres of land. The single-tenant asset features a clear height of 20’ in warehouse space & 10’ in office and two exterior depressed doors, and one grade-level door. The building was built in 2003 with 40 parking spaces. The lease term is 2/1/23 through 1/31/43 with a 10-year guarantee. The blended avg. rent increase is 3.49% over the 19.5 years remaining on the current lease along with one 10-year option. Tenant reimburses for all taxes, insurance & most operating expenses, landlord covers structural repairs & replacements.

Exclusively Listed By

  • David B. Tarnoff

    Senior Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

  • Patrick Suffield

    Senior Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960, WI: 98170-94

    Chicago Downtown

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