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Office Warehouse

900 N State St

900 N State St, Lockport, IL 60441

Listing Price: $5,000,000

Cap Rate
8.40%
Gross SF
56,326
Price/Gross SF
$88.77
Lot Size
7.47 acres
Year Built
1970
Rentable SF
56,326

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 900 North State Street, a 100 percent occupied multi-unit industrial/flex facility located in Lockport, Illinois. The property sits in close proximity to the west of Interstate 355, providing access to other major highways of Interstate 55 and Interstate 80, downtown Chicago, Midway Airport, and O'Hare International Airport. In addition to major highways, the property resides in the affluent southwest suburbs of Chicago, strategically located in close proximity to national retailers and economic drivers. The subject property is 56,326 square feet of industrial/flex space which sits on 7.48 acres and was constructed in 1970. The asset contains eight total units ranging in size from 600 to 42,481 square feet. The property is anchored by Dynamic Signals, a brand of Vitrek, LLC, which occupies 75.42 percent of the property. Dynamic Signals is an industry leader in data acquisition solutions through its production of card-oriented instruments for test and measurement systems that are built on a number of platforms. Dynamic Signals was acquired by Vitrek, LLC in February of 2021, a world leader in providing test solutions to a wide range of industries from around the world. The purchase of this offering presents an investor with the opportunity to acquire an industrial/flex asset with a fully occupied and staggered rent roll. At the current list price of $5,000,000, the investment generates an in-place net operating income of $419,786 which equates to an 8.40% CAP Rate.

Investment Highlights

  • Multi-Tenant Industrial/Flex Investment Offering
  • Large Land Parcel - 7.47 acres with excess land for future development
  • Strategic Location - close proximity to I-355
  • Strong Demographics - average household income is $94,118 within five-mile radius
  • Low Will County Real Estate Taxes

Exclusively Listed By

Office Warehouse

900 N State St

Listing Price: $5,000,000

Cap Rate
8.40%
Gross SF
56,326
Price/Gross SF
$88.77
Lot Size
7.47 acres
Year Built
1970
Rentable SF
56,326

Investment Highlights

  • Multi-Tenant Industrial/Flex Investment Offering
  • Large Land Parcel - 7.47 acres with excess land for future development
  • Strategic Location - close proximity to I-355
  • Strong Demographics - average household income is $94,118 within five-mile radius
  • Low Will County Real Estate Taxes

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 900 North State Street, a 100 percent occupied multi-unit industrial/flex facility located in Lockport, Illinois. The property sits in close proximity to the west of Interstate 355, providing access to other major highways of Interstate 55 and Interstate 80, downtown Chicago, Midway Airport, and O'Hare International Airport. In addition to major highways, the property resides in the affluent southwest suburbs of Chicago, strategically located in close proximity to national retailers and economic drivers. The subject property is 56,326 square feet of industrial/flex space which sits on 7.48 acres and was constructed in 1970. The asset contains eight total units ranging in size from 600 to 42,481 square feet. The property is anchored by Dynamic Signals, a brand of Vitrek, LLC, which occupies 75.42 percent of the property. Dynamic Signals is an industry leader in data acquisition solutions through its production of card-oriented instruments for test and measurement systems that are built on a number of platforms. Dynamic Signals was acquired by Vitrek, LLC in February of 2021, a world leader in providing test solutions to a wide range of industries from around the world. The purchase of this offering presents an investor with the opportunity to acquire an industrial/flex asset with a fully occupied and staggered rent roll. At the current list price of $5,000,000, the investment generates an in-place net operating income of $419,786 which equates to an 8.40% CAP Rate.

Exclusively Listed By

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