Rochelle Industrial Portfolio
Industrial | 8.95% CAP | 252,638 SqFt
Marketing description
Illinois Broker of Record: Steven Weinstock
Marcus & Millichap
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
Marcus & Millichap, as exclusive advisor, is pleased to offer for sale a four-building industrial portfolio located at 324 Errett
Rd, 100 E. Quarry Rd, 111 5th Ave & 500 N Caron Rd. in Rochelle, IL. This portfolio consists of four buildings on four parcels totaling approximately 252,638 square feet and sits on approximately 49.49 acres.
Investment highlights
This portfolio provides an investor an attractive day one yield, while also providing additional upside through lease up as well as potential development opportunities.
324 Errett Rd is 100% occupied by Del Monte on a short-term lease.
100 E Quarry Rd is 100% occupied by Hickory Grove Alloys on a long-term lease.
111 5th Ave is approximately 25.1 acres with two buildings on the parcel. Building one is approximately 97,158 square feet and Building two is approximately 8,325 square feet with a total of seven tenants.
500 N Caron Rd is approximately 15.87 acres of vacant land, primed for new industrial development potential.
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