Woodstock Industrial Investment
For Sale
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11910 Catalpa Ln, Woodstock, IL 60098
Four buildings and a communications tower for sale.
Property Size31,400 SF
Price / SF$62.10
Days on Market1448
Property Features for 11910 Catalpa Ln
General Information
Standard status
Active
Size
31,400 SF
Total Parking Spaces
60
Property subtype
Industrial
Zoning
I-1 & B-3
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Building Details
Year Built
1980
Buildings
4
Stories
1
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Starck Real Estate
Listed By:
Clancy Green · License #WI 53324-90
(815) 382-0170
Source:
Crexi
Added: Nov 8, 2022
Changed: Oct 26
Last Checked: Oct 26 at 12:39PM
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 Berkshire Hathaway HomeServices Starck Real Estate
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Investment Insights
Based on property information with market context.
This commercial/industrial property features four buildings and a communications tower, presenting a potential investment opportunity. All buildings are currently leased. Building 4, encompassing 8,000 square feet, is leased to a national tenant until 2025. The communications tower is leased until 2025, with potential extensions available until 2065. The property includes drive-in doors on all buildings, and two buildings are equipped with recessed loading docks. Electrical power ranges from 200 AMP to 1200 AMP service. The property is located on the south side of Woodstock and offers access to Highway 14 and Route 47. The property size is 31,400 square feet. This is a value-add opportunity for a long-term investment.
Key Highlights
- Multiple buildings (4) and a communications tower provide diverse income streams.
- Existing leases in place, including a national tenant and a communications tower lease extending to 2025 with potential extensions to 2065, offer immediate income.
- Building 4 (8,000 S/F) is leased to a national tenant until 2025.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,166
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,703,320
$2.7M
Cap Rate 7%
$1,930,943
$1.9M
Cap Rate 9%
$1,501,844
$1.5M
Market Conditions
NOI Build-Up for 31,400 SF
Gross rent
$203.5K $6.48/SF
− Vacancy
−$10.4K −$0.33/SF
EGI
$193.1K $6.15/SF
− OpEx
−$57.9K −$1.84/SF
NOI
$135.2K $4.30/SF
Area
McHenry County, IL
Vacancy
5.10%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,703,320
Cap Rate 7%
$1,930,943
Cap Rate 9%
$1,501,844
Alternative Uses
Best Use
Industrial
$1.93M
$1.69M – $2.25M
NOI $135,166 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.84M
$9.49M – $12.65M
NOI $758,869 @ 7.0% cap · market cap 38.92%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Explore this area
Business Placement
Demographics for 60098, IL
33,153
Population
13,310
Households
2.5
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
104.8 sq mi
ZIP Area
316
Density / Sq Mi
$92,749
Median Household Income
$42,799
Median Earnings
$1,178
Median Rent
$257,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Four buildings and a communications tower for sale.
Where is this industrial property located?
The property is located at 11910 Catalpa Ln Woodstock, IL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Multiple buildings (4) and a communications tower provide diverse income streams.; Existing leases in place, including a national tenant and a communications tower lease extending to 2025 with potential extensions to 2065, offer immediate income.; Building 4 (8,000 S/F) is leased to a national tenant until 2025.
