Stabilized Industrial Warehouse
2400 Hassell Road Hoffman Estates, IL 60169
2400 Hassell Road, Hoffman Estates, IL, 60169
Contact for pricing
For Sale
Contact for pricing
Stabilized warehouse portfolio offered with a 7.36% cap rate and below-market assumable financing.
Property Size74,607 SF
Price / SF$111.25
Days on Market52
Property Features for 2400 Hassell Road
General Information
- Standard status
- Active
- Size
- 74,607 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1980
Listing agency
Matthews
Listed by
Eli Fox · License #IL
Source
Crexi
Added: Jun 2 Updated: Jul 22 at 6:50PM Checked: Jul 22 at 6:50PM
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 Matthews
Investment Insights
Based on property information with market context.
This for-sale stabilized industrial warehouse portfolio is being presented with a 7.36% cap rate and below-market assumable financing. The offering includes a total property size of 74,607.
The property is located at 2400 Hassell Road in Hoffman Estates, Illinois.
The seller describes the portfolio as stabilized, and it is presented as part of a financing structure intended to support an assumable purchase.
The property is located at 2400 Hassell Road in Hoffman Estates, Illinois.
The seller describes the portfolio as stabilized, and it is presented as part of a financing structure intended to support an assumable purchase.
Key Highlights
- Built in 1980
- Stabilized industrial portfolio offered with a 7.36% cap rate
- Includes below‑market assumable financing
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $483.5k | $6.48 |
| − Vacancy | −$24.7k | −$0.33 |
| EGI | $458.8k | $6.15 |
| − OpEx | −$68.8k | −$0.92 |
| NOI | $390.0k | $5.23 |
74,607 SF · lease $6.48/SF/yr · vacancy 5.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.57M
$4.87M – $6.50M
NOI $389,978 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$25.76M
$22.54M – $30.05M
NOI $1,803,088 @ 7.0% cap · market cap 21.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
BillyDoe Meats
Take-out & Catering
RX Music (Chicago)
Electronics & Wireless Store
Maxim Entertainment Group
Computer & Electronic Repair
Exucom Systems Inc,
(Bike/Boat/Book/etc) Store
Clarkson Co
Engineering Consultant
Similar For Sale Nearby
Similar Off Market Nearby
- Nannybag Luggage Storage — 1875 Williamsburg Dr, Hoffman Estates, IL 60169
- Blue Dolly Moving Helpers — 1911 Williamsburg Dr, Hoffman Estates, IL 60169
FAQs
What type of property is this?
Warehouse - Stabilized warehouse portfolio offered with a 7.36% cap rate and below-market assumable financing.
Where is this warehouse located?
The property is located at 2400 Hassell Road Hoffman Estates, IL.
What is the asking price?
The asking price for this property is $8,300,000.
What are key features of this property?
This property features: Built in 1980; Stabilized industrial portfolio offered with a 7.36% cap rate; Includes below‑market assumable financing
