U.S. Government O'Hare Int'l Airport Industrial Facility - Chicago MSA

JLL is pleased to offer for sale 2500 York Road in Elk Grove Village, IL, a recently renovated single tenant industrial / flex facility that is strategically located adjacent to Chicago’s O’Hare International Airport (“O’Hare” or “ORD”). The asset is 100% leased to the U.S. Government (S&P: AA+) and contains 13.3 years of remaining term (8.3 years of firm term). The Property was completely retrofitted for the Tenant’s specifications with nearly $7.7 million ($159 PSF) of tenant improvements since 2022.

Housing one of the largest divisions within the Department of Homeland Security (“U.S. DHS”), the Tenant consolidated three of its local satellite offices into the Property due to its strategic location next to O’Hare, efficient access between the northeast and southwest airport cargo entrances, abundance of parking in a supply constrained submarket, secured parking lot with a high bay warehouse, and a flexible layout that allowed for the Tenant’s essential operations, training, and secured storage.

This mission-critical asset provides investors with a rare opportunity to acquire an infill industrial facility located in Chicago’s top-performing submarket with long-term cash flow backed by the U.S. Government. The Property’s significant build-out, security requirements, and proximity to critical infrastructure solidifies the Tenant’s strong desire for this location with high probability of renewal.