Single -Tenant Industrial North I-55 Corridor
Industrial | 8.18% CAP | 75,000 SqFt
Marketing description
The property is a single-tenant industrial asset that spans 75,000 square feet and is situated on 3.07 acres of land. This industrial property features 18' clear height, five dock-high doors, and two drive-in doors, making it an ideal location for a variety of industrialuses. With 50 parking spaces, the property provides ample room for employees and visitors.
Micron Metal Finishing, LLC currently leases the property through April 2028 at a rate of $6.26 per square foot on modified gross terms, with 3.0 percent annual escalations and two three-year renewal options. This lease structure provides a stable source of income for the property owner. The rent is considered below-market, creating a value-add opportunity if the tenant were to vacate the property. Supported by a management team with over a combined 100 years of experience, Micron Metal Finishing, LLC, is a provider of industrial power coating and custom metal finishing services.
Investment highlights
- Single-Tenant 75,000-Square-Foot Industrial Asset Situated on 3.07 Acres
- Features 18' Clear Height, Five Dock-High Doors, Two Drive-In Doors, & 50 Parking Spaces
- Modified Gross Lease Through April 2028 at $6.26/SF with 3.0% Escalations and Two Three-Year Renewal Options | Below-Market RentCreates Value-Add Opportunity if Tenant Vacates
- Leased to Micron Metal Finishing, LLC, Provider of Industrial Power Coating and Custom Metal Finishing Services
- Located Along I-294 with Close Proximity to I-55 and CSX Bedford Park Intermodal
- Prime Location in Outperforming North I-55 Corridor Submarket with 3.9% Vacancy Rate and 4.1% Rent Growth During Q2 2026
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