Warehouse
324 Errett Rd
324 Errett Rd, Rochelle, IL 61068
Listing Price: $9,700,000
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to offer for sale a four-building industrial portfolio located at 324 Errett Rd, 100 E. Quarry Rd, 111 5th Ave & 500 N Caron Rd. in Rochelle, IL. This portfolio consists of four buildings on four parcels totaling approximately 252,638 square feet and sits on approximately 49.49 acres. 324 Errett is listed for $4,880,000, 100 E Quarry is listed for $2,365,00 and 111 5th/500 N Caron is listed for $2,455,000 for a total offering price of $9,700,000.
324 Errett Rd
Investment Highlights
- This industrial park provides an investor an attractive day one yield, while also providing additional upside through lease up as well as potential development opportunities.
- 324 Errett Rd is 100% occupied by Del Monte on a short term lease.
- 500 N Caron Rd is approximately 15.87 acres of vacant land, primed for new industrial development potential.
- 100 E Quarry Rd is 100% occupied by Hickory Grove Alloys on a long-term lease.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Managing Director, Market Leader - Chicago
Listing Price: $9,700,000
Investment Highlights
- This industrial park provides an investor an attractive day one yield, while also providing additional upside through lease up as well as potential development opportunities.
- 324 Errett Rd is 100% occupied by Del Monte on a short term lease.
- 500 N Caron Rd is approximately 15.87 acres of vacant land, primed for new industrial development potential.
- 100 E Quarry Rd is 100% occupied by Hickory Grove Alloys on a long-term lease.
Investment Overview
Marcus & Millichap, as exclusive advisor, is pleased to offer for sale a four-building industrial portfolio located at 324 Errett Rd, 100 E. Quarry Rd, 111 5th Ave & 500 N Caron Rd. in Rochelle, IL. This portfolio consists of four buildings on four parcels totaling approximately 252,638 square feet and sits on approximately 49.49 acres. 324 Errett is listed for $4,880,000, 100 E Quarry is listed for $2,365,00 and 111 5th/500 N Caron is listed for $2,455,000 for a total offering price of $9,700,000.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Managing Director, Market Leader - Chicago
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