Industrial Sale-Leaseback
650 Race St Rockford, IL 61101
For Sale
Contact for pricing
Pending
Fee-simple industrial facility with a 15-year lease term and multiple renewal options under an absolute net structure.
Property Size200,412 SF
Days on Market105
Property Features for 650 Race St
General Information
- Standard status
- Pending
- Size
- 200,412 SF
- Property subtype
- Industrial
Listing Agency:
Marcus & Millichap - Chicago Downtown
(630) 501-8656
Listed By:
Peter Doughty · License #IL 475.177502
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Jul 21 at 7:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
650 Race Street is a 200,412-square-foot industrial facility offered in fee-simple, with a sale-leaseback structure to be executed at close of escrow. The building is currently occupied by Piranha, a provider of metal fabrication and cutting equipment.
At closing, the current ownership will provide a 15-year lease with multiple 5-year options to renew. The offering is structured as an absolute net lease, containing zero landlord responsibilities.
This opportunity is presented as a passive industrial investment. The property is located in Rockford, Illinois.
At closing, the current ownership will provide a 15-year lease with multiple 5-year options to renew. The offering is structured as an absolute net lease, containing zero landlord responsibilities.
This opportunity is presented as a passive industrial investment. The property is located in Rockford, Illinois.
Key Highlights
- 200,412 SF industrial facility offered as a fee‑simple sale‑leaseback at 650 Race Street, Rockford, IL
- 15‑year lease term with multiple 5‑year renewal options to be executed at close of escrow
- Absolute net lease structure with zero landlord responsibilities
Property Analytics
Location Intelligence
Current Use by Public Records
MegaFab
Industrial Manufacturer
Piranha - MegaFab
Industrial Manufacturer
FAQs
What type of property is this?
Manufacturing property - Fee-simple industrial facility with a 15-year lease term and multiple renewal options under an absolute net structure.
Where is this manufacturing property located?
The property is located at 650 Race St Rockford, IL.
What are key features of this property?
This property features: 200,412 SF industrial facility offered as a fee‑simple sale‑leaseback at 650 Race Street, Rockford, IL; 15‑year lease term with multiple 5‑year renewal options to be executed at close of escrow; Absolute net lease structure with zero landlord responsibilities
