Single-Tenant Industrial

2200 Bernice Rd

Listing Price: $2,625,000

Cap Rate
8.39%
Gross SF
45,000
Price/Gross SF
$58.33
Rentable SF
45,000

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 2200 Bernice Road in Lansing, Illinois, a single-tenant net-leased industrial investment opportunity. The property is located directly off the I-294 and I-94 interchange providing highway access to not only Chicagoland, but the entire Midwest. The property has recently undergone significant renovations including roof, structure, and pavement.

The subject property is 45,000 square feet and currently 100 percent occupied by Cook DuPage Transportation, who was acquired by National Express Transit (LON: NEX) in 2017. National Express Transit operates public transportation services in North America, Europe, and Africa, whose current revenue is $2.744 billion GBP (2019). The tenant signed a new seven-year lease which began in the summer of 2019. They are operating on a net lease and contain two percent annual rental increases.

The purchase of this offering presents an investor with a stable hands-off industrial opportunity. At the current list price of $2,625,000 the investment generates an in-place NOI of $220,320 which equates to an 8.39 percent cap rate and potential 13.20 percent cash-on-cash return.

Investment Highlights

  • Single-tenant industrial investment offering
  • Credit tenancy | CDT/National Express Transit | LON: NEX
  • Significant capital improvements recently completed
  • Immediate access to the interstate | I-294 & I-94
  • Net lease | Passive cash-flow investment
  • Ideal 1031 exchange acquisition opportunity

Exclusively Listed By

  • Peter Doughty

    Associate

    Email Peter

    License(s): IL: 475.177502

    Chicago Downtown

Single-Tenant Industrial

2200 Bernice Rd

Listing Price: $2,625,000

Cap Rate
8.39%
Gross SF
45,000
Price/Gross SF
$58.33
Rentable SF
45,000

Investment Highlights

  • Single-tenant industrial investment offering
  • Credit tenancy | CDT/National Express Transit | LON: NEX
  • Significant capital improvements recently completed
  • Immediate access to the interstate | I-294 & I-94
  • Net lease | Passive cash-flow investment
  • Ideal 1031 exchange acquisition opportunity

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 2200 Bernice Road in Lansing, Illinois, a single-tenant net-leased industrial investment opportunity. The property is located directly off the I-294 and I-94 interchange providing highway access to not only Chicagoland, but the entire Midwest. The property has recently undergone significant renovations including roof, structure, and pavement.

The subject property is 45,000 square feet and currently 100 percent occupied by Cook DuPage Transportation, who was acquired by National Express Transit (LON: NEX) in 2017. National Express Transit operates public transportation services in North America, Europe, and Africa, whose current revenue is $2.744 billion GBP (2019). The tenant signed a new seven-year lease which began in the summer of 2019. They are operating on a net lease and contain two percent annual rental increases.

The purchase of this offering presents an investor with a stable hands-off industrial opportunity. At the current list price of $2,625,000 the investment generates an in-place NOI of $220,320 which equates to an 8.39 percent cap rate and potential 13.20 percent cash-on-cash return.

Exclusively Listed By

  • Peter Doughty

    Associate

    Email Peter

    License(s): IL: 475.177502

    Chicago Downtown

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