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Single-Tenant Industrial

300 N Ridge Ave

300 N Ridge Ave, Arlington Heights, IL 60005

Listing Price: $7,200,000

Cap Rate
8.25%
Gross SF
95,000
Price/Gross SF
$75.79
Lot Size
4.28 acres
Year Built
1986
Rentable SF
95,000

Investment Overview

Marcus & Millichap is pleased to present for sale the fee-simple interest offering of 300 N Ridge Avenue, Arlington Heights, Illinois. The subject property is a 95,000 square-foot industrial building that will be offered to be purchased as a sale-leaseback, which will be executed at close of escrow. The building is currently occupied by Molon Motor & Coil Corporation, a manufacturer of AC, DC and Stepper motors and gearmotors for medium to high volume applications.

Current ownership will be offering to sign a two year lease at close of escrow. The offering will operate on an absolute net lease structure, containing zero landlord responsibilities.

The purchase of this offering presents an investor with the opportunity to acquire a completely passive industrial investment. At the current list price of $7,200,000 the offering will generate an NOI of $593,750 which equates to a capitalization rate of 8.25 percent.

Investment Highlights

  • Single-Tenant Industrial Investment Opportunity
  • Original Two Year Lease Offered at Close of Escrow
  • Passive Investment "Bond" like Structure | Absolute Net Lease
  • 4.1 Percent Vacancy Rate for Class B and C Industrial Product within Five Mile Radius
  • Affluent Submarket | Average Household Income Over $130,000 within Five Mile Radius

Exclusively Listed By

Single-Tenant Industrial

300 N Ridge Ave

Listing Price: $7,200,000

Cap Rate
8.25%
Gross SF
95,000
Price/Gross SF
$75.79
Lot Size
4.28 acres
Year Built
1986
Rentable SF
95,000

Investment Highlights

  • Single-Tenant Industrial Investment Opportunity
  • Original Two Year Lease Offered at Close of Escrow
  • Passive Investment "Bond" like Structure | Absolute Net Lease
  • 4.1 Percent Vacancy Rate for Class B and C Industrial Product within Five Mile Radius
  • Affluent Submarket | Average Household Income Over $130,000 within Five Mile Radius

Investment Overview

Marcus & Millichap is pleased to present for sale the fee-simple interest offering of 300 N Ridge Avenue, Arlington Heights, Illinois. The subject property is a 95,000 square-foot industrial building that will be offered to be purchased as a sale-leaseback, which will be executed at close of escrow. The building is currently occupied by Molon Motor & Coil Corporation, a manufacturer of AC, DC and Stepper motors and gearmotors for medium to high volume applications. Current ownership will be offering to sign a two year lease at close of escrow. The offering will operate on an absolute net lease structure, containing zero landlord responsibilities. The purchase of this offering presents an investor with the opportunity to acquire a completely passive industrial investment. At the current list price of $7,200,000 the offering will generate an NOI of $593,750 which equates to a capitalization rate of 8.25 percent.

Exclusively Listed By

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