Warehouse
Multi-Tenant Small Bay/Flex Industrial Portfolio
6151 W Howard St, Niles, IL 60714
Listing Price: $52,000,000
Investment Overview
Marcus & Millichap is pleased to present the fee-simple sale offering of a three-property, multi-tenant small bay/flex portfolio strategically located across the core suburban submarkets of Niles, Glenview, and Arlington Heights, Illinois. With a combined footprint of approximately 543,709 square-feet, these assets offer strong in-place income with value-add potential through both future individual parcel sales and mark-to-market increases.
The purchase of this portfolio provides any investor, fund or institution with stable cash-flow and an immediate substantial footprint presence in the local market. At the current list price of $52,000,000 the offering generates an NOI of $3,763,115 which equates to a capitalization rate of 7.24%.
Deal is being offered on an As-Is basis, subject to existing roofs and Cash Base Tax proration.
Investment Highlights
- Three-property multi-tenant small bay/flex portfolio | In-fill suburban Chicago locations
- Small bay incubator style suites with a WALT of approximately 2.58 years remaining
- Small bay incubator style suites with a WALT of approximately 2.58 years remaining
- Strong mix of in-place income and value-add potential | Approximately 25% rental upside
- Professionally leased and managed | Management willing to stay on for new purchaser
- Excellent accessibility to major interstates and O'Hare International Airport
- Strong suburban demographics and labor pools
- Significant capital projects completed
Exclusively Listed By
Listing Price: $52,000,000
Investment Highlights
- Three-property multi-tenant small bay/flex portfolio | In-fill suburban Chicago locations
- Small bay incubator style suites with a WALT of approximately 2.58 years remaining
- Small bay incubator style suites with a WALT of approximately 2.58 years remaining
- Strong mix of in-place income and value-add potential | Approximately 25% rental upside
- Professionally leased and managed | Management willing to stay on for new purchaser
- Excellent accessibility to major interstates and O'Hare International Airport
- Strong suburban demographics and labor pools
- Significant capital projects completed
Investment Overview
Marcus & Millichap is pleased to present the fee-simple sale offering of a three-property, multi-tenant small bay/flex portfolio strategically located across the core suburban submarkets of Niles, Glenview, and Arlington Heights, Illinois. With a combined footprint of approximately 543,709 square-feet, these assets offer strong in-place income with value-add potential through both future individual parcel sales and mark-to-market increases. The purchase of this portfolio provides any investor, fund or institution with stable cash-flow and an immediate substantial footprint presence in the local market. At the current list price of $52,000,000 the offering generates an NOI of $3,763,115 which equates to a capitalization rate of 7.24%. Deal is being offered on an As-Is basis, subject to existing roofs and Cash Base Tax proration.
Exclusively Listed By

