3500 S. Racine
3600 South Racine Avenue, Chicago, IL, 60609, US
6 475 mètres carrés
Descriptif
Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been exclusively retained to offer qualified investors the opportunity to purchase five fully-occupied industrial properties (the “Portfolio”), which serve as mission-critical facilities to each tenant’s business operations. The Portfolio includes a total of 557,038 square feet of rentable area, with a weighted average remaining lease term of 5.9 years. The Portfolio offers geographic diversity, with properties located in five cities, across five states throughout the Midwest.
The Portfolio offers investors the unique opportunity to acquire triple-net-leased industrial real estate assets with stable and increasing, long-term income from a diversified group of tenants. The assets offer a secure cash flow stream from tenants with a high probability of renewal due to the mission-critical nature of each location, as well as accretive and contractual rent escalations.
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Attributs
Superficie du bâtiment nette
51 751 mètres carrés
Occupation
100 %
VALSE
5.9 années
Nombre de bâtiments
5
Locataires
6
Midwest Net Lease Industrial Portfolio (5 Propriétés)
Midwest Net Lease Industrial Portfolio (5 Propriétés)
Média
Points forts de l'investissement
STRATEGIC MIDWEST LOCATION
- Portfolio in thriving markets with record-low vacancy: Minneapolis (4.5%), Chicago (4.9%), overall Midwest (5.4%)
- Strong absorption of 10.7M SF in Q1 2025 continues positive trajectory since 2022
FULLY LEASED WITH STABLE INCOME
- 100% occupancy with 5.9-year WALT provides immediate stable income
- Mission-critical facilities enhance retention in high-demand market
EXCEPTIONAL RENT GROWTH UPSIDE
- In-place rents ($5.03 PSF) vs. market rates ($7.14 PSF) presents substantial mark-to-market opportunity
- Premium submarkets commanding $9.44 PSF (Minneapolis) and $8.58 PSF (Chicago)
MODERN SPECIFICATIONS
- 557,038 SF portfolio with 14'-32' clear heights commands 14.3% rent premium
- Strategic configurations support essential distribution and manufacturing operations
INVESTMENT-GRADE TENANCY
- Credit tenants (Walmart, AT&T, Tesla) represent 68% of NOI
- Mission-critical operations mirror high regional pre-leasing trends
SUPPLY CONSTRAINED ENVIRONMENT
- Disciplined new construction (38.8M SF, 68.3% pre-leased) ensures continued rent growth
- Demand consistently outpacing new deliveries
DIVERSE INDUSTRY EXPOSURE
- Balanced tenant mix across manufacturing, automotive, retail, telecom, and construction sectors
- Mirrors strong regional leasing (44.2M SF in Q1 2025, 60.7% new leases)
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Dernière mise à jour
24 juin 2025
