Chicago Commerce Center I-57_Immobilie zu verkaufen
Chicago Commerce Center I-57_Immobilie zu verkaufen

Chicago Commerce Center I-57

21800 South Cicero Ave, Matteson, IL, 60443, US

Objektbeschreibung

Jones Lang LaSalle ("JLL") has been exclusively retained to market for sale the fee-simple interest in the Chicago Commerce Center 1-57, a 388,578 square foot, multi- tenant industrial facility with excess trailer parking (the “Property” or the “Offering”). The Offering is 100% leased to four (4) unique tenants with just 2.9 years of weighted-average lease term remaining, a 20% mark-to-market opportunity and no fixed renewal options, allowing investors to drive yields as early as year two (2) of a hold period. Following approximately $2.8MM in capital improvements, investors receive a well-maintained asset with a recently approved 12-year Tax Incentive in-place cutting taxes approximately in half, driving NOI and positioning the asset competitively within the submarket.

 

Strategically positioned just 4 minutes off I-57, the Offering's immediate interstate access allows its users to benefit from Chicago's vast transportation infrastructure including the #1 Cargo Airport in North America and all six (6) Class I railways. Furthermore, I-57 has become increasingly popular among institutional owners and occupiers including Amazon, DHL, Home Depot, among others, due to the corridor's affordability and regional/local access to a deep labor pool. Additionally, the Offering benefits from tight submarket fundamentals and exceptional rent growth with 60% rent growth since 2021. Chicago Commerce Center I-57 presents investors the opportunity to acquire functional industrial real estate with immediate interstate access at a basis well-below replacement cost with near-term yield upside, excess trailer parking, and a long-term tax incentive in-place.


...

Eigenschaften

Gebäudefläche netto
36.100 m²
Baujahr
1970
Jahr der Renovierung
2023
Vermietungsstand
100 %
Pächter
4
WALT
2.9 Jahre

Medien

Investment-Highlights

  • Top Chicago Submarket With 12-Year Tax Incentive In-Place
  • Assured Cash-Flow With Mark-To-Market Upside
  • Immediately Adjacent to Institutionally Owned and Occupied Corridor
  • Multi-Tenant Configuration and Abundant Trailer Parking


Chicago Commerce Center I-57 4_Immobilie zu verkaufen
Chicago Commerce Center I-57 4_Immobilie zu verkaufen

Makler kontaktieren

Chicago Commerce Center I-57 (0 Objekte)
Haben Sie Fragen zu diesem Thema? Besuchen Sie unsere FAQ.
FAQ anzeigenArrow Right
JLL kann Sie bei der Finanzierung und Verwaltung Ihres Portfolios unterstützen. Kontaktieren Sie uns noch heute, damit wir gemeinsam Ihre Ambitionen verwirklichen können.
Zuletzt aktualisiert
5. Mai 2025