U.S. Government O'Hare Int'l Airport Industrial Facility
Chicago MSA
Marketing description
JLL is pleased to offer for sale 2500 York Road in Elk Grove Village, IL, a recently renovated single tenant industrial / flex facility located adjacent to Chicago’s O’Hare International Airport (“O’Hare” or “ORD”). The asset is 100% leased to the U.S. Government (S&P: AA+) and contains 13.3 years of remaining term (8.3 years of firm term). The Property was completely retrofitted for the Tenant’s specifications with substantial tenant improvements since 2022.
This mission-critical asset provides investors with a rare opportunity to acquire an infill industrial facility located in Chicago’s top-performing submarket with long-term cash flow backed by the U.S. Government. The Property’s significant build-out, security requirements, and proximity to critical infrastructure solidifies the Tenant’s strong desire for this location with high probability of renewal.
Investment highlights
Exceptional tenancy from the U.S. Government (S&P: AA+).
Mission critical industrial asset with adjacency to O'Hare Int'l Airport for the Department of Homeland Security's key law enforcement functions.
13.3 years of lease term remaining (8.3 years of Firm Term) offers investors long-term cash flow.
Recently redeveloped with over $159 PSF of renovations completed since 2022 with substantial capital allocated to the Tenant’s specifications.
Located one of Chicago's strongest industrial submarkets with 5.3% vacancy and 22% rent growth since 2021.
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