For Sale
$4,100,000

143 154Th StSouth Holland, IL 60473

44,000 SF Refrigerated Warehouse - Sale/Leaseback

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 44,000-square-foot industrial property, located at 143 W. 154th Street in South Holland, Illinois (zip code 60473), presents a unique investment opportunity. The building, constructed in 1972 and extensively renovated in 2022, boasts a substantial 21,000 square feet of cooler/freezer space, ideal for food storage or similar temperature-sensitive operations. The property sits on a 1.56-acre lot and is zoned for light industrial use, offering flexibility for various businesses. The asking price is $4,100,000, translating to a price per square foot of $93.18. The building features a 100% occupancy rate and a pro-forma cap rate of 6.40%. Three loading docks facilitate efficient loading and unloading operations, while an 18-foot ceiling height provides ample storage space. The sale includes a leaseback option for the seller, offering a potential 5-7 year lease term (specific terms available upon request). This NNN lease structure, with a single tenant, minimizes management responsibilities for the buyer. This is a turnkey operation in a prime location within Cook County, Illinois, offering a strong return on investment and a secure leaseback arrangement. The property's recent renovation ensures modern functionality and efficiency, making it an attractive proposition for discerning investors seeking a stable, high-performing asset.

Highlights

  • 44,000 SF industrial property at 143 W. 154th St, South Holland, IL (60473).
  • $4,100,000 asking price ($93.18/SF).
  • 1.56-acre lot, light industrial zoning.
  • 21,000 SF cooler/freezer space.
  • 100% occupancy, 6.40% pro-forma cap rate, NNN lease with 5-7 year leaseback option.

Property Details for 143 154Th St

Property type
Refrigeration & cold storage, Industrial properties
Square Feet
44,000 SF
Year Built/Renovated
1972/2022
Lot Size (sq. ft)
67,954 SF

Location Insight

City
South Holland
County
Cook
State
Illinois
Latitude
41.6149079
Longitude
-87.621939
143 154Th St, South Holland, Illinois

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143 154Th St
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