Single-Tenant Industrial

865 W. Irving Park Rd.

Listing Price: $16,500,000

Cap Rate
6.09%
Gross SF
138,012
Price/Gross SF
$119.55
Lot Size
6.03 acres
Year Built
1984
Rentable SF
138,012

Investment Overview

Marcus & Millichap has been retained by Ownership as the exclusive broker in the sale of an industrial asset located at 865 West Irving Park Road (the Property), located in Itasca, DuPage County, Illinois. The Property, comprised of 138,012 square feet and sitting on 6.03 acres, is the corporate headquarters of a private business that has enjoyed nearly 50 years of success. Built in 1984 and extensively renovated in 2012, the Property sits adjacent to I-290/I-355 and offers immediate access to O'Hare International Airport, as well as I-90 and the newly constructed I-390 Expressway.

The single-tenant, sale leaseback investment is a stabilized opportunity. At closing, Ownership will sign a 15-Year, Absolute Net lease with two percent annual increases and a three-year option at market rent. Ownership has occupied the property since 2012 and has made significant capital improvements annually.

Investment Highlights

  • 15 Year Absolute Net Lease
  • Mission Critical Facility
  • Premier O'Hare Submarket
  • Significant Recent Capital Improvements
  • Immediate Access to I-290, I-390, I-90, I-355, & O'Hare International Airport

Exclusively Listed By

Single-Tenant Industrial

865 W. Irving Park Rd.

Listing Price: $16,500,000

Cap Rate
6.09%
Gross SF
138,012
Price/Gross SF
$119.55
Lot Size
6.03 acres
Year Built
1984
Rentable SF
138,012

Investment Highlights

  • 15 Year Absolute Net Lease
  • Mission Critical Facility
  • Premier O'Hare Submarket
  • Significant Recent Capital Improvements
  • Immediate Access to I-290, I-390, I-90, I-355, & O'Hare International Airport

Investment Overview

Marcus & Millichap has been retained by Ownership as the exclusive broker in the sale of an industrial asset located at 865 West Irving Park Road (the Property), located in Itasca, DuPage County, Illinois. The Property, comprised of 138,012 square feet and sitting on 6.03 acres, is the corporate headquarters of a private business that has enjoyed nearly 50 years of success. Built in 1984 and extensively renovated in 2012, the Property sits adjacent to I-290/I-355 and offers immediate access to O'Hare International Airport, as well as I-90 and the newly constructed I-390 Expressway.

The single-tenant, sale leaseback investment is a stabilized opportunity. At closing, Ownership will sign a 15-Year, Absolute Net lease with two percent annual increases and a three-year option at market rent. Ownership has occupied the property since 2012 and has made significant capital improvements annually.

Exclusively Listed By

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