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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 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.

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

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 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

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