650 Race St Rockford, IL 61101

Listing agency Marcus & Millichap - Chicago Downtown p***@marcusmillichap.com Show Phone

Listed by Peter Doughty · License #IL 475.177502

Source Crexi

Added: Apr 11 Updated: Jul 20 at 8:43PM Checked: Jul 21 at 7:06AM

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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.

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

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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