200 Peace RdDeKalb, IL 60115

Property Details for 200 Peace Rd

Lot size

24.46 AC

Property type

Commercial real estate

APN

08-24-452-006

APU

824452006

Description

This exceptional sale-leaseback opportunity presents two industrial buildings totaling 362,821 square feet in DeKalb, Illinois' thriving I-88 corridor. The property consists of a distribution center and manufacturing plant, currently 100% occupied by Algus Packaging, a leader in custom thermoformed packaging with a 20-year absolute NNN lease in place. The lease features a corporate guarantee and attractive 2.0% annual rent bumps, providing a stable, high-yielding investment. The two buildings are situated on a 77.4-acre lot, offering ample space and strategic access to major transportation arteries, including I-88, I-39, and Union Pacific rail. The tenant, Algus Packaging, has made significant investments in machinery and equipment, demonstrating a long-term commitment to the facilities. Lease options include four, 5-year terms or two, 10-year terms, offering flexibility for future planning. The property boasts a strong net operating income (NOI) of $1,270,000, making it an ideal investment for discerning buyers seeking a secure, high-return asset in a rapidly growing industrial market. The location is less than an hour from Chicago O'Hare International Airport, further enhancing its logistical advantages. This is a rare opportunity to acquire a premier industrial property with a strong tenant and exceptional long-term growth potential.

• Alternative Use

  Use

  Valuation

  Residential

  $220,206,480

  Hospitality

  $201,707,952

  Educational

  $167,818,656

  Medical

  $173,590,192

  Retail

  $261,051,232

Location Insight

City

Dekalb

County

Dekalb

State

Illinois

Latitude

41.9242

Longitude

-88.7214

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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