3500 S. Racine
3600 South Racine Avenue, Chicago, IL, 60609, US
6.475 vierkante meter
Beschrijving
Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been exclusively retained to offer qualified investors the opportunity to purchase the AT&T Fleet Operations Facility in Gurnee, IL. This investment represents a rare opportunity to acquire a stabilized, investment-grade fleet facility with covered outdoor storage in one of the nation’s tightest industrial markets with significant embedded value creation through contractual rent increases upon future lease renewals. This asset is a specialized, mission-critical component of AT&T’s network serving the northwest Chicago region.
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Kenmerken
Netto gebouwoppervlakte
4.039 vierkante meter
Bezettingspercentage
100%
Bouwjaar
1997
Netto landoppervlakte
2,23 ha
WALT
9.2 jaren
Vrije hoogte
6,1 m
Media
Investeringskenmerken
INVESTMENT-GRADE TENANT WITH 9.2 YEAR LEASE TERM
- AT&T Illinois (BBB credit rating) leases the property through December 31, 2034, recently extended 10 years.
- AT&T reported strong Q2 2025 performance with $30.8B revenues and $11.7B EBITDA.
MISSION-CRITICAL FLEET FACILITY
- 43,475 SF serves as AT&T’s service technician hub and fleet parking facility for Chicago operations.
OUTDOOR STORAGE
- This Property features three large covered carports equipped with 96 covered parking stalls and space for vehicle maintenance. The property includes 79 employee parking stalls.
RECENTLY IMPROVED PROPERTY
- Parking lot recently repaved with additional $294,135 in landlord improvements scheduled for completion by December 31, 2025.
PRIME LOCATION
- Strategic location in Lake County submarket with 5.2% vacancy rate and record high asking rents. Gurnee offers strong demographics, major employers (Abbott, AbbVie, Caterpillar, State Farm), and excellent connectivity to Chicago metro.
Contact adviseurs
AT&T - Gurnee IL (0 Eigendommen)
JLL kan u helpen bij de financiering en het beheer van uw portefeuille. E-mail ons vandaag nog om te zien hoe we u kunnen helpen uw ambities te realiseren.
Laatst bijgewerkt
22 okt 2025
