Investment Overview

Marcus & Millichap is pleased to present the sale offering of 825 E 26th St, a single tenant, net leased, industrial investment offering located in La Grange Park, IL. The property resides in the near west suburbs of Chicago and sits in close proximity to the major highways of I-294, I-290, I-88, and I-55, offering interstate access to Downtown Chicago, O’Hare and Midway International Airports, and the greater Chicagoland area. The subject property totals 156,621 square feet of industrial and office space, and is fully occupied by Brady Industries, one of the largest distributors and solution providers in North America that provides specialized supplies and support for the facility care, food service, industrial packaging, and marketing execution industries. This location serves as one of 180 locations for Brady Industries nationwide. Brady Industries currently has just under 4 years of lease term remaining on an initial 5-year lease with two 1-year options, and is paying below market rent with 3% annual rent escalations, offering long-term value add upside. The lease operates on a double net structure, with landlord responsible for capital improvements and replacement of roof, structure, and parking lot. The purchase of this offering presents an investor with the opportunity to acquire a passive industrial investment with a strong credit tenant and long-term value-add upside. At the current list price of $11,300,000, the offering generates an in-place net operating income of $824,000 which equates to a capitalization rate of 7.29%.