I-290 Distribution Center _Actifs en vente
I-290 Distribution Center _Actifs en vente
545 W Lamont Rd, Elmhurst, IL, 60126-1021, US

I-290 Distribution Center

Description de l'actif

Jones Lang LaSalle (Illinois), L.P. ("JLL"), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in the I-290 Distribution Center, a 150,010 square foot Class A distribution facility located in the North DuPage County industrial submarket of the Chicago MSA (the "Property" or the "Offering"). Constructed in 2022, the Property offers modern features that today's logistics users require, including 32' clear height, 15 dock doors via a rear-load configuration, ESFR life safety systems, motion-sensored LED interior lighting, and ample auto parking. The Property is 100% leased to RTS Packaging, wholly owned by Sonoco (NYSE: SON, S&P: BBB), through June 2033 with 3.0% annual rent escalations, providing a long-term, growing cash flow. Additionally, RTS Packaging's in-place below market rent provides a 26.8% mark-to market opportunity upon tenant expiration in approximately 9 years.


Positioned in the North DuPage County submarket, Elmhurst is likely Chicago's most interconnected suburb as I-290, I-294, US 20, IL 83, and IL 38 all pass within its city limits and is minutes from the south cargo entrance of the O'Hare International Airport. Further, the Property sits in a deep, blue-collar labor pool offering users an advantage for labor recruiting and retention. In a five-mile radius, there are approximately 170,000 workers, 25% of which are considered blue-collar. This access and labor depth has translated into strong user demand and leasing fundamentals, namely a sub-4% vacancy rate and a 8.1% compounded annual rent growth rate since 2018. Lastly, the I-290 Distribution Center offers an infill Chicago location within DuPage County, ensuring a lower tax liability compared to neighboring Cook County.

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Caractéristiques de l'actif

Surface de l'actif Net
13 936 m²
Taille du terrain Brut
3,76 hectare
Année de construction
2022
Occupation
100 %
Remise des offres
05/06/2024

Média

Points clés d'investissement

  • Class A Industrial Facility with Modern Specifications


  • Highly Accessible Location with Exposure to Deep Labor Pools


  • Stable, In-Place Cash Flow with Committed Tenant and 26.8% Mark-to-Market Potential


  • High Barrier to Entry Submarket in Tax-Advantaged DuPage County
I-290 Distribution Center  4_Actifs en vente
I-290 Distribution Center  4_Actifs en vente

Contacter l'équipe

I-290 Distribution Center (0 actifs)
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Dernière mise à jour
23 mai 2024