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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29993426
29993372

1339 Yorkshire Dr, Streamwood, IL 60107 For Sale

CB
Fl SL3424071
Marcus & Millichap - Orlando
RS
FL 3343473
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$2,284,000
144 days on market
Updated 144 days ago

Herc Rentals | Chicago MSA

Details
Property Type Industrial
Sub Type Flex
Square Footage 10,500
Units 1
Cap Rate 6.79%
NOI $155,184
Occupancy 100%
Tenancy Single
Brand/Tenant Herc Rentals
Lease Type NN
Lease Term 9.6
Lease Expiration 12/30/2031
Remaining Term 5.4
Rent Bumps Yes
Lease Options (1) 5 Year Option
Price per SqFt $218
Year Built 1989
Year Renovated 2023
Buildings 1
Acreage 1.500
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/13/2022
Occupancy Date 06/13/2022

Industrial | 6.79% CAP | 10,500 SqFt

Investment highlights

• Corporate Lease with Herc Rentals | NYSE: HRI

- Third Largest Equipment Rental Company in the U.S.

• 6 Years Remaining on NNN Lease | Commenced 2022

- 3% Annual Increases with One Five-Year Option

• Property Comes with Cell Tower

- Contact Broker for Details

• 2023 Roof Replacement and Other Exterior Upgrades

- Over $100,000 in CapEx | Ext. Paint and Tuckpoint

• Former Business Acquired by Herc in 2022

- 47 Year Operating History Servicing Chicago & Midwest

• Located in the Chicago MSA | 28 Miles from Downtown

- 3rd Largest MSA in the U.S. | 9,400,000+ Residents

• Quick Access to Interstate-90 and Interstate-355

- Perfectly Situated to Dispatch Deliveries Efficiently

• 11 Miles from O’Hare International Airport

- 54,000,000+ Passengers Annually | U.S.’s 3rd Busiest

• Tremendous Population Density

- Over 255,000 Residents in a 5-Mile Radius

Listing Contacts

CB
Fl SL3424071
Marcus & Millichap - Orlando
RS
FL 3343473
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$155,184.00
$12,932.00/mo

Valuation Metrics

0
DSCR
6.79%
Cap Rate
6.79%
ROI

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Additional Information

Name
Steven Weinstock
License
IL 471.011175
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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