Single-Tenant Industrial
300 N Ridge Ave
300 N Ridge Ave, Arlington Heights, IL 60005
Listing Price: $7,200,000
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 3-year lease at close of escrow. The offering will operate on an absolute net lease structure, containing zero landlord responsibilities. The subject property is located one mile from Arlington Park, a 326-acre site that was purchased by the Chicago Bears with plans of redevelopment.
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.
300 N Ridge Ave
Investment Highlights
- Single-tenant industrial investment opportunity
- Original 3-year lease offered at close of escrow
- Passive investment "bond" like structure | Absolute net lease
- Located one mile from Chicago Bears future Arlington Park redevelopment
- 4.1% vacancy rate for Class B & C industrial product within 5-mile radius
- Affluent submarket | Average household income $130,000+ within 5-mile radius
Exclusively Listed By
Listing Price: $7,200,000
Investment Highlights
- Single-tenant industrial investment opportunity
- Original 3-year lease offered at close of escrow
- Passive investment "bond" like structure | Absolute net lease
- Located one mile from Chicago Bears future Arlington Park redevelopment
- 4.1% vacancy rate for Class B & C industrial product within 5-mile radius
- Affluent submarket | Average household income $130,000+ within 5-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 3-year lease at close of escrow. The offering will operate on an absolute net lease structure, containing zero landlord responsibilities. The subject property is located one mile from Arlington Park, a 326-acre site that was purchased by the Chicago Bears with plans of redevelopment. 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
