Last updated on November 19th, 2024

Multi-Tenant Industrial Investment

$3,300,000

6704 Pingree Road, Crystal Lake, Illinois 60014


Documents
Building Size96,070 Square Feet
Land Size5.6 Acres
ZoningM
Parking+100
Watercity
Sewercity
Electric(3) 2000 amp services, 480V, 3 Phase
Year Built1957

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.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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