
3500 S. Racine
3600 South Racine Avenue, Chicago, IL, 60609, US
6475 m²
Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to market for sale the fee simple interest in the DuPage Infill Industrial Portfolio (the “Properties”, the “Portfolio”, or the “Offering”), a collection of four industrial assets totaling 799,092 square feet. 100% leased to four sticky tenants with 8.3 years of average tenure and 5.2 years WALT, this single-tenant Portfolio offers investors infill Chicago industrial product at scale, backed by a stable, growing cash flow. Additionally, future ownership will have runway to meaningfully enhance yields throughout a hold period by marking in-place rents to market upon rollover with no fixed-rate options.
The Portfolio is defined by each Property’s infill location within two of Chicago’s most coveted submarkets. Located within the tax-advantaged DuPage County, the North DuPage (1200 Central Ave. and 365 Village Dr.) and O’Hare (101 & 201 Mittel Dr.) industrial submarkets both boast sub-4% vacancy rates. This lack of availability coupled with limited oncoming, competitive product, provides users limited options and indicates future rent growth in these regions. Tenant demand in these pockets is driven by its outstanding transportation access, specifically via I-355/I-290 and Chicago’s O’Hare International Airport, connecting users to the rest of the MSA and its dense labor pools.
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