560-562 E. Bunker Ct.

Jones Lang LaSalle Americas, Inc. (“JLL”) has been exclusively retained to offer for sale the fee-simple interest in 560-562 E. Bunker Ct. (the “Property” or the “Offering”), a 73,150 square foot multi-tenant, light industrial property in Vernon Hills, IL. Located at the intersection of IL-21 and IL-60 within the Lake County submarket of the Chicago MSA, the Property is currently 100% leased to four (4) total tenants with 5.5 years of contractual weighted average lease term remaining. The Property is positioned within the greater Continental Executive Parke, an institutionally owned and occupied business park west of I-94 as well as Chicago’s affluent North Shore area. Home to a number of major, name-brand companies including CDW and Heathrow Scientific, the Property is bolstered by a corporate corridor location, benefitting from several nearby demand drivers (throughout the greater Vernon Hills area) in addition to immediate access to IL-21, IL-60, and I-94.

Situated in Chicago’s high-performing Lake County industrial submarket, this industrial property and its smaller (and flexible) suite sizes allow for continued rent appreciation without the supply-side pressures currently found in some of the bulk industrial space. The Property provides investors with the opportunity to acquire an asset ideally curated for today’s market conditions, in which investors are able to acquire functional, multi-tenant product with a diversified income stream at a basis well below replacement costs. Extremely expensive to replicate today, the Property is further supported by strong fundamentals and recent leasing momentum throughout the greater Lake County submarket. In an era where inflation has pushed material and labor costs to unprecedented highs, 560-562 E. Bunker Ct. offers investors the ability to enter a mature Lake County industrial market at a substantial discount, while also benefitting from institutional ownership that has historically maintained the Property to top-line standards.