For Sale
$90,000,000
Confidential Gurnee, IL 60031
Class A Flex, R&D, Warehouse Space
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 133
Highlights
- Off-market portfolio of six Class A industrial buildings totaling 250,000 - 1,500,000 square feet in IL, PA, and MA.
- Currently 60% occupied with significant value-add potential; features flex, R&D, and warehouse space.
- Renovated in 2015, with credit-rated tenants under multi-tenant leases and built-in rent bumps.
- Includes major scientific, lab, and technology tenants, acquired through recent balance sheet restructurings.
- $90,000,000 asking price; 8-12% in-place cap rate, with potential to reach 9-12% unlevered cap rate at full occupancy.
Property Details for 0 Confidential
- Property type
- Warehouses, Life science properties
- Square Feet
- 250,000 SF
- Class
- A
- Year Renovated
- 2015
- Buildings
- 6
Location Insight
- City
- Gurnee
- County
- Lake
- State
- Illinois
- Latitude
- 42.3652656
- Longitude
- -87.9236747
Nearby Similar for Sale
FAQs
- What type of property is this?
- Warehouse - Class A Flex, R&D, Warehouse Space
- Where is the warehouse located?
- The property is located at Confidential Gurnee, IL.
- What is the asking price?
- The asking price for this property is $90,000,000.
- What are key features of this property?
- This property features: Off-market portfolio of six Class A industrial buildings totaling 250,000 - 1,500,000 square feet in IL, PA, and MA.; Currently 60% occupied with significant value-add potential; features flex, R&D, and warehouse space.; Renovated in 2015, with credit-rated tenants under multi-tenant leases and built-in rent bumps.
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