300 Rdg Ave Arlington Heights, IL 60005-1376
- Industrial properties
- 1.60 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 300 Rdg Ave
- Year built
- 1985
- Lot size
- 1.60 lot acres
- Property type
- Industrial properties
- APN
- 03-30-401-003
- APU
- 330401003
Description
This exceptional investment opportunity presents a 95,000-square-foot industrial distribution building located at 300 N Ridge Ave, Arlington Heights, IL 60005. The property sits on a 4.28-acre lot and boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $593,750. Offered at $6,500,000, this translates to an attractive 9.13% capitalization rate. The property is currently occupied by Molon Motor & Coil Corporation under a sale-leaseback agreement, ensuring a stable income stream. A new 2-year lease will be executed at closing, structured as an absolute net lease, minimizing landlord responsibilities and creating a passive investment opportunity. The building's location within a thriving submarket, characterized by an average household income exceeding $130,000 within a 5-mile radius, further enhances its investment appeal. The Cook County property (APN: 03-30-401-002
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $260,000
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Location Insight
- Map
- Local Demand
- City
- Arlington Heights
- County
- Cook
- State
- Illinois
- Longitude
- -87.9905
- Latitude
- 42.0863
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
