Investment Overview

For sale is a 33,605-square-foot industrial asset situated on 2.27 acres of land. The property features 14' to 18' clear heights, seven grade-level doors, and three-phase heavy power with 3,000 amps, making it an ideal location for businesses requiring heavy machinery or equipment. The special use zoning permit allows for full usage of the approximately 1.5 acres of outdoor storage space, providing additional flexibility for tenants. The tenant, INTREN, has a long rental history at the property with over 10 years of occupancy. INTREN has recently executed a 4-year early renewal option, demonstrating its commitment to the location. The previous lease, set at $10.73 per square foot, was originally set to expire in October 2027. This renewal option is set to commence in January 2027 at $14.50 per square foot with 3 percent annual escalations, generating a pro forma 7.75 percent cap rate. In return for the early renewal, the tenant receives a full rental concession from August 2026 through December 2026. INTREN is a national utility service provider that made $550 million in annual revenue at the time of its acquisition by the publicly traded utility giant MasTec, Inc. The property's strong fundamentals, combined with the tenant's commitment and financial backing, make it an attractive investment opportunity in the industrial real estate market. The property's location in the highly sought-after O'Hare submarket is a significant advantage. O’Hare is highlighted by a 2.9 percent vacancy rate in Q2 2026 among comparable properties under 50,000 square feet. This compares to the 7.8 percent national average across all industrial property sizes (CoStar). O'Hare International Airport sits just 4.6 miles away from the property, providing easy access to global markets and transportation hubs. The property is also close to major highways, including Interstates 294 and 90, making it an ideal location for businesses requiring efficient logistics and transportation. Additionally, a Canadian Pacific Kansas City (CPKC) rail line runs along the property, with the railway’s Bensenville Intermodal Terminal positioned in close proximity to the west, further enhancing the property’s connectivity.