Chicago Last-Mile Business Center | 3800 North Milwaukee Avenue _Property for Sale
Chicago Last-Mile Business Center | 3800 North Milwaukee Avenue _Property for Sale
3800 North Milwaukee Avenue, Chicago, IL, 60641, US

Chicago Last-Mile Business Center | 3800 North Milwaukee Avenue

Asset Description

Jones Lang LaSalle ("JLL"), as exclusive advisor to ownership, has been retained to market for sale the fee-simple interest in 3800 North Milwaukee Avenue located in Chicago, IL (the "Offering", the "Property", or the "Site"). Totaling 127,672 square feet in the North Chicago industrial submarket of the Chicago MSA, the Property is 97.7% leased to 8 tenants. The Property sits in one of the most land constrained submarkets in the central U.S. with a population nearly 1.2 million in the surrounding 5-mile radius, and exceedingly difficult barriers to entry. As such, 3800 North Milwaukee Avenue provides investors with a multi-tenant, flex industrial product located with a thriving, top-performing industrial submarket in highly accessible business park environment. The rent roll provides future ownership a diverse tenancy with stable cash flows and limited industry-specific economic risk. The strategic location offers direct access to I-90, ensuring excellent connectivity for efficient transportation and business operations.

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Attributes

Building area net
127,672 sf
Year built
1955
Year renovated
2020
Number of loading docks
2
Occupancy
98%
WAULT
6.4 years

Media

Investment Highlights

  • Multi-Tenant, Flex Industrial Product at a Basis Well Below Replacement Cost


  • Strategically Located Within High-Performing North Chicago Industrial Submarket


  • Synergistic Rent Roll with Sticky Tenancy


  • Highly Accessible Location with Direct Access to I-90
Chicago Last-Mile Business Center | 3800 North Milwaukee Avenue  4_Property for Sale

Contact brokers

Chicago Last-Mile Business Center | 3800 North Milwaukee Avenue (0 Properties)

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Last updated
30 Apr 2024