Warehouse
5211-5213 Otto Avenue
5211 Otto Ave, Chicago, IL 60656
Listing Price: $3,300,000
Investment Overview
Marcus & Millichap is pleased to present to quali?ed investors the opportunity to acquire, via long-term sale leaseback, Gates Washer’s sole manufacturing facility. Fully occupied by Gates Washer, the offering consists of approximately 32,400 square feet situated across approximately 1.01 acres in Chicago, Illinois.
The Offering will be subject to a long-term, 15-year absolute net lease structure with a year-one triple-net rent of $247,860 and 2.50 percent annual escalations.
Listing Price: $3,300,000
Investment Highlights
- Long Term Absolute Net Sale Leaseback with 2.5 Percent Annual Escalations
- Headquarters and Sole Manufacturing Facility
- Favorable Market Fundamentals | O'Hare Submarket
- Ten Year Average Cash-on-Cash of 8.94 Percent
Investment Overview
Marcus & Millichap is pleased to present to quali?ed investors the opportunity to acquire, via long-term sale leaseback, Gates Washer’s sole manufacturing facility. Fully occupied by Gates Washer, the offering consists of approximately 32,400 square feet situated across approximately 1.01 acres in Chicago, Illinois. The Offering will be subject to a long-term, 15-year absolute net lease structure with a year-one triple-net rent of $247,860 and 2.50 percent annual escalations.
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