Stabilized Industrial Warehouse
For Sale
Contact for pricing
2400 Hassell Road, Hoffman Estates, IL 60169
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 Market97
Property Features for 2400 Hassell Road
General Information
Standard status
Active
Size
74,607 SF
Property subtype
Industrial
Zoning
M-1
Occupancy
94%
Net Operating Income
$610,877
Additional Details
Cap Rate
7.36%
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
Eli Fox · License #IL
Source:
Crexi
Added: Jun 2
Changed: Aug 27
Last Checked: Sep 4 at 7:58PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$389,978
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,799,560
$7.8M
Cap Rate 7%
$5,571,114
$5.6M
Cap Rate 9%
$4,333,089
$4.3M
Market Conditions
NOI Build-Up for 74,607 SF
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.
Gross rent
$483.5K $6.48/SF
− Vacancy
−$24.7K −$0.33/SF
EGI
$458.8K $6.15/SF
− OpEx
−$68.8K −$0.92/SF
NOI
$390.0K $5.23/SF
Area
Cook County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,799,560
Cap Rate 7%
$5,571,114
Cap Rate 9%
$4,333,089
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,687
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60169, IL
34,248
Population
13,114
Households
2.6
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
7.7 sq mi
ZIP Area
4,448
Density / Sq Mi
$92,399
Median Household Income
$48,134
Median Earnings
$1,694
Median Rent
$292,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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
