Layard Single Tenant Industrial
Industrial | 9.45% CAP | 60,622 SqFt | NNN | Sale-Leaseback
Marketing description
Marcus & Millichap REIS, as exclusive advisor, is pleased to offer for sale a single tenant NNN lease Industrial property in Racine, WI. This asset is located at 1718 Layard Ave and consists of multiple buildings on one parcel totaling +/- 60,622 square feet and sits on +/- 4.38 acres. This is a unique opportunity to own a single tenant NNN facility in a continuously emerging area between Chicago and Milwaukee. The asset is being offered at a strong cap rate with a rare opportunity to acquire a property that allows for outdoor storage. In addition, the building layout is conducive for multi-tenant capabilities in the event a new owner wants to capitalize on space flexibility.
Investment highlights
Racine is a hub for several large international and domestic distribution and transportation companies. Major players include parcel shipping (UPS, USPS, FedEx), container freight (Lehman, Zmac, National Quality Logistics) and product distribution (Amazon Fulfillment).
Racine is known for its strong manufacturing sector, with companies specializing in precision machining, stamping, CNC tooling, and innovative metallurgy. Racine businesses have multi-generational knowledge and expertise to take products from concept and blueprint to prototype and production.
Commute times in the metro area are the second shortest for U.S. urban areas. Racine’s location also provides easy commuting distance between Milwaukee and Chicago.
Talented workforce, large network of business support and financing partners along with a strong history of innovation and hard work continues with an evolving community.
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