300 Ridge AveArlington Heights, IL 60005
- Industrial properties
- 1.60 AC
Property Details for 300 Ridge Ave
- Year built
- 1985
- Lot size
- 1.60 AC
- Property type
- Industrial properties
- APN
- 03-30-401-003
- APU
- 330401003
Description
This exceptional investment opportunity presents a 95,000-square-foot industrial distribution building located at 300 N Ridge Ave, Arlington Heights, IL 60005. The property sits on a 4.28-acre lot and boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $593,750. Offered at $6,500,000, this translates to an attractive 9.13% capitalization rate. The property is currently occupied by Molon Motor & Coil Corporation under a sale-leaseback agreement, ensuring a stable income stream. A new 2-year lease will be executed at closing, structured as an absolute net lease, minimizing landlord responsibilities and creating a passive investment opportunity. The building's location within a thriving submarket, characterized by an average household income exceeding $130,000 within a 5-mile radius, further enhances its investment appeal. The Cook County property (APN: 03-30-401-002
Location Insight
- City
- Arlington Heights
- County
- Cook
- State
- Illinois
- Latitude
- 42.0863
- Longitude
- -87.9905
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].