For Sale
$4,500,000

1300 Basswood Rd Schaumburg, IL 60173

Net Lease, 47,597 SF, 6.4% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 47,597-square-foot industrial manufacturing facility located at 1300 Basswood Rd, Schaumburg, IL 60173, within Cook County. The property is currently under a single-tenant, net lease agreement with a full-service printing business, featuring a 4.5-year lease term remaining. The lease includes attractive 2% annual rent escalations and provisions for fair market value renewals. The tenant has made significant recent investments in the facility, including a new multi-million dollar printing line, indicating a strong commitment to the location. The asking price is $4,500,000, representing a 6.40% capitalization rate. The property sits on a 3.3-acre lot and generates a net operating income of $286,000, or $6.01 per square foot. This strategically located, multi-functional building offers a compelling investment opportunity in the highly desirable Chicago industrial market, characterized by significant barriers to entry and a strong, affluent demographic profile. The below-market rent presents potential for increased future rental income. This mission-critical facility, with its attractive net lease structure, provides a stable and potentially lucrative investment.

Highlights

  • $4.5M asking price for a premier Chicago MSA industrial property.
  • 47,597 SF / 3.3-acre facility with a 4.5-year remaining net lease.
  • $286K NOI, $6.01 PSF, and 2% annual escalations.
  • Below-market rent provides significant upside potential.
  • Strong investment opportunity due to below-market rent and potential for rental income increases.
  • Mission-critical, multi-functional industrial facility with an attractive net lease and a tenant with recent significant equipment investment.

Property Details for 1300 Basswood Rd

Property type
Industrial properties, Manufacturing properties
Square Feet
47,597 SF

Location Insight

City
Schaumburg
County
Cook
State
Illinois
Latitude
42.054088
Longitude
-88.065539

FAQs

What type of property is this?
Industrial property - Net Lease, 47,597 SF, 6.4% Cap Rate
Where is the industrial property located?
The property is located at 1300 Basswood Rd Schaumburg, IL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: $4.5M asking price for a premier Chicago MSA industrial property.; 47,597 SF / 3.3-acre facility with a 4.5-year remaining net lease.; $286K NOI, $6.01 PSF, and 2% annual escalations.
How can I contact the broker?
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1300 Basswood Rd
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