Current Use by Public Records
- Warehouses
Property Details for 0 Confidential
- Property type
- Warehouses
- Property subtype
- Life science properties
Description
This exceptional investment opportunity presents a portfolio of six Class A industrial buildings, encompassing flex, R&D, and warehouse space. Strategically located across multiple prime locations in Illinois, Pennsylvania, and Massachusetts, this portfolio totals 250,000 to 1,500,000 square feet. Currently boasting 60% occupancy, the property offers significant value-add potential. The buildings underwent renovations in 2015, and feature credit-rated tenants under multi-tenant leases. Rent bumps are in place, ensuring future income growth. The portfolio is currently off-market and presents a unique opportunity for qualified investors and operators seeking high-cap, prime office and scientific properties. The portfolio includes major scientific, lab, and technology tenants, resulting from recent balance sheet restructurings. The in-place capitalization rate is 8-12%, with the potential to reach 9-12% unlevered cap rate upon full occupancy. The asking price for this exceptional portfolio is $90,000,000. Further details are available upon execution of a non-disclosure agreement.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gurnee
- County
- Lake
- State
- Illinois
- Longitude
- -87.9237
- Latitude
- 42.3653
