Long Time Partnership (25 years of ownership), seeks to liquidate and sell this prime property. Attractive, well maintained multi-tenant flex industrial building containing a total of 36,400 square feet, divided into 15 units, ranging from 1,300 sq. ft. to 2,600 sq. ft. Currently and traditionally 100% OCCUPIED. Current rents average $7.08 per sq. ft. while area rental comps indicate average of $7.50-$8.00 per square foot. This could easily generate an additional $15,000-$33,000 of net annual income!!!! Call listing Broker for back up package.
INDUSTRIAL CONDO IN ORLAND PARK. GREAT CONDITION WITH 450 SF OFFICE REMODELED IN 2010. FULLY SPRINKLERED THROUGHOUT. TWO DRIVE IN DOORS, TWO RESTROOMS & BONUS 850 SF MEZZANINE SPACE ON 2nd FLOOR. WAREHOUSE HEATER REPLACED IN 2014, OFFICE FURNACE 8 YEARS OLD. CEILING HEIGHT IN WAREHOUSE IS 17 FT. CLASS 8 TAX INCENTIVE TRANSFERABLE TO NEW OWNER. TAXES ONLY $6,639. COMES WITH 7 PARKING SPOTS. LESS THAN 4 MILES TO I-80.
100% Occupied Diverse Stable Tenant base. 17 Tenants. 7.5 Years Remaining on non-recourse financing. Interest Rate of 5.83%!!!! Principal Balance of $2,860,000. 1% Percent assumption fee. Orland Park address but in Will County. No Cook County Taxes. 2005 Precast Architectural Construction. Actual NOI is actually $311,067.