Investment Overview

For sale is a fully occupied two-building industrial asset situated on 0.38 acres. It features masonry construction with clear heights ranging from 10 to 16 feet and six grade-level doors. The property's design and layout provide an ideal setting for industrial operations. The location of the property is also advantageous, being situated along I-80/I-94 near the border of Illinois and Indiana. This strategic location allows for easy access to major transportation routes. The property's eligibility for the renewable Cook County Class 8 property tax incentive is an added benefit. The incentive can help reduce the property's tax burden. The property's lease structure is attractive, with a partial sale leaseback opportunity with the seller, FineTune Auto. Upon closing, FineTune Auto plans to sign a five-year triple-net lease at $17.17 per square foot on 3,650 square feet, with 3.0 percent annual escalations and two five-year renewal options. Additionally, Five Star Collision recently signed a three-year triple-net lease at $7.27 per square foot on 3,300 square feet, with 3.0 percent annual escalations, providing further stability to the property's income stream. The leases are structured to provide a steady stream of income with opportunities for growth. The property’s pro forma 10.32 percent cap rate is a testament to its potential for strong returns. The landlord's responsibilities are limited to roof and structure, making it an attractive option for investors.