2316 167Th StMarkham, IL 60428

For Sale
$5,500,000

High-yield, multi-tenant industrial investment

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Markham, IL industrial portfolio comprises four 1-story buildings totaling 29,900 square feet on a 14-acre lot. Currently 100% occupied by three credit-rated tenants under a triple-net (NNN) lease with 8.6 years remaining until expiration (July 1, 2033). The property boasts 18-foot ceilings, drive-in and drive-through bays, and convenient access to major interstates (I-80, I-57, and I-294). The buildings are zoned L-1 and feature a clean EPA report. With a strong net operating income (NOI) of $429,422 and an attractive cap rate of 7.81%, this investment offers a compelling opportunity for long-term growth. The asking price is $5,500,000, translating to $183.95 per square foot and $1,375,000 per unit. The lease commenced July 2, 2023, and features a 10-year term. This is a turnkey investment opportunity with significant upside potential.

Highlights

  • Long-Term Lease in Place
  • Net Operating Income (NOI) of $429,422
  • Two Tenants Currently Occupying
  • 7.81% Cap Rate
  • Asking Price: $5,500,000

Property Details for 2316 167Th St

Property type
Other warehouses, Other industrial properties
Square Feet
29,900 SF
Buildings
4
Stories
1
Lot Size (sq. ft)
609,840 SF
Units
4

Location Insight

City
Markham
County
Cook
State
Illinois
Latitude
41.58630209
Longitude
-87.67422643
2316 167Th St, Markham, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at support@realmo.com and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.
2316 167Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message