949 Oak Crk Dr, Lombard, IL 60148-6408

This fee-simple industrial property in Lombard, IL, presents a compelling investment opportunity. The 21,912-square-foot building sits on a 1.58-acre lot and is currently leased to Otis Elevator Company under a Net Lease agreement. The lease, with a remaining term of approximately 3.3 years, commenced July 1, 2019, and expires December 31, 2027, with rent bumps at fair market value. The property boasts a strong 7.25% cap rate based on a Net Operating Income (NOI) of $232,249. Built in 1994 and renovated in 2019 (with over $400,000 in capital improvements), the single-story building benefits from its location in a high-density, affluent area of DuPage County. Lombard offers excellent accessibility to major transportation arteries, including I-88, I-355, and Illinois Route 53, as well as proximity to Metra commuter rail and both O'Hare and Midway International Airports. The property's strong tenant history (since 2002) and strategic location within the Chicago MSA make it an attractive acquisition for discerning investors. The property's APN is 524409008.