Attractive single-story warehouse with second story mezzanine/office area. Currently approx. 88% occupied and ideal for an investor or owner/user investor. This is a multi-tenant structure with 7 suites leased and 2 suites available. The property has nine exterior loading docks, seven drive in overhead doors, surface parking and sits on 4.53 acres. Ceiling heights are 18' and the building is fully sprinkled with 800 amp power. Each suite has a loading dock/exterior door. Attractive sale price is based on recent comps in the area for similar properties as well as stabilized income. There are only 2 small vacancies left within this property.
Sales Info:
■ Commision split: 2.5%
Location Description:
Cary is a relatively affluent village located in Algonquin Township, McHenry County, Illinois. The median age is 37.0. There are 6045 households, with a high median household income of $98,894. The subject property is located directly off of Northwest Highway (IL Route 14), which is a major Northwest thoroughfare connecting many of the more prominent Northwest Chicago suburbs. The property is directly located on Industrial Drive among many other industrial/manufacturing buildings. Although these are separately owned buildings, the area functions as an industrial park, providing many benefits.
Highlights:
■ Largest Tenant in Building Just Renewed and Expanded
■ Stabilized Property with 91% Occupancy
■ Ideal Opportunity for Owner/User or Investor
■ Stable and Secure Tenants
■ 9 Suites Total, 7 of which are Leased
■ Attractive Asking Price of $42.45/sqft
■ Low Taxes of $1.68/sqft
Pricing: $2,825,000
Availability: Now
Listing ID: 683783
Office space(s): ---
Ceiling height: 18.0
Column space: ---
Has sprinklers: No
Power: ---
Loading Zone:
• Grade level: 7
• Dock doors: 9
• Has rail access: No
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