Single-Tenant Industrial
IMS Buhrke Olson
505 W Algonquin Rd, Arlington Heights, IL 60005
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to offer the opportunity to acquire a three-building industrial manufacturing portfolio totaling +/- 127,028 SF located at 501, 505, 507, 509, 511 West Algonquin Road Arlington Heights, IL 60005 (“Assets”, “Buildings”, or “Portfolio”). The Assets are leased to Buhrke Industries, LLC (“Tenant”) with a corporate guarantee from IMS Companies, LLC.
This offering presents the rare opportunity to acquire three infill manufacturing Assets with completely passive ownership for +/- 4.0 years and outstanding security in the value of the underlying real estate. Given the well below market rental rate, there is mid-term upside for a future investor as the Tenant’s renewal option is at 95% of FMV. Additionally, the portfolio will trade well beneath replacement cost and future ownership will benefit from the acquisition basis.
IMS Buhrke Olson
Investment Highlights
- Absolute net lease structure with no landlord responsibilities and +/- 4.0 years of firm term remaining
- Below market rental rate of $4.64/ SF NNN. Asking rents are well above $5.50/ SF NNN in the submarket for comparable manufacturing buildings
- +/- 127,028 total SF across three buildings that range in size from 30,184 SF and 56,160 SF.
Listing Price: Request For Offer
Investment Highlights
- Absolute net lease structure with no landlord responsibilities and +/- 4.0 years of firm term remaining
- Below market rental rate of $4.64/ SF NNN. Asking rents are well above $5.50/ SF NNN in the submarket for comparable manufacturing buildings
- +/- 127,028 total SF across three buildings that range in size from 30,184 SF and 56,160 SF.
Investment Overview
Marcus & Millichap is pleased to offer the opportunity to acquire a three-building industrial manufacturing portfolio totaling +/- 127,028 SF located at 501, 505, 507, 509, 511 West Algonquin Road Arlington Heights, IL 60005 (“Assets”, “Buildings”, or “Portfolio”). The Assets are leased to Buhrke Industries, LLC (“Tenant”) with a corporate guarantee from IMS Companies, LLC. This offering presents the rare opportunity to acquire three infill manufacturing Assets with completely passive ownership for +/- 4.0 years and outstanding security in the value of the underlying real estate. Given the well below market rental rate, there is mid-term upside for a future investor as the Tenant’s renewal option is at 95% of FMV. Additionally, the portfolio will trade well beneath replacement cost and future ownership will benefit from the acquisition basis.
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