Investment Overview

The three-building industrial portfolio is located in a thriving industrial corridor and is 96% occupied with 21 tenants. Spanning three adjacent parcels, each tenant benefits from a 10’ or 12’ overhead door and a small office space. The property features five bays on the back of two buildings and is surrounded by 27 million square feet of industrial space within a five-mile radius. Offering below-market rents, the well-maintained property has undergone consistent renovations and is priced below replacement cost at $76.05 per square foot. All tenants have net leases with annual rental increases, and most have two five-year renewal options. Recent updates include a new sealcoat in 2024, a new roof on the north building, and full rehabilitation of all three buildings, including electric, plumbing, and HVAC. Strategically located near heavily traveled interstates and multiple transportation hubs, the property is 0.4 miles from Interstate-80 and Interstate-294, with daily traffic volumes of 147,000 and 165,600 vehicles, respectively. It is also close to other major interchanges, two railroad yards, and just eight miles from the Indiana border. The site benefits from proximity to Purdue University, Chicago Midway International Airport, and downtown Chicago, making it ideal for last-mile shipping via high-capacity local roads. Within three miles of the property, there is 12.8 million square feet of industrial space, and it is just 11 miles south of Amazon and FedEx facilities. Situated in an underserved market with nearby developments, the property is 2.8 miles from the recently opened Wind Creek Casino and near three new construction projects totaling 294,000 square feet. These include a proposed 105,370-square-foot building, a 14,000-square-foot structure under construction in Harvey, and a 280,000-square-foot warehouse in Chicago Heights. This prime industrial portfolio offers a well-positioned investment opportunity in the Chicago MSA.