Multi-Tenant Industrial Investment
6704 Pingree Road, Crystal Lake, Illinois 60014
Sold: $2,000,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
96,070 sqft
Land Size
5.6 acres
Sewer
city
Water
city
Zoning
M
Electric
(3) 2000 amp services, 480V, 3 Phase
Year Built
1957
Parking
+100
Property Description
MULTI-TENANT INDUSTRIAL
100% LEASED
PRICE REDUCED
100% leased 96,070 SF multi-tenant building on 5.6 acres.
Masonry main building with 13,680 sf steel add on section. Three 2000 amp services, multiple drive in doors, 5 docks, ceilings vary, office areas vary. Built in 1957 with multiple additions.
Upside potential by raising rents and adding separate gas and electric meters. Double capacity wet sprinklers. Partially air conditioned.
Additional building site at signalized intersection that could be re-zoned and split off for commercial use.
Note: Owner will lease back Unit 8 at $5 psf.
Ask for rent roll and operating statement. 7.6% cap rate using 5% vacancy.
