Industrial Investment Building
470 Jennings Drive, Lake in the Hills, Illinois 60156
Sold: $950,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
13,883 sqft
Land Size
1.07 acres
Sewer
City
Water
Well
Zoning
M1
Electric
200 amp
Year Built
1998
Parking
40
Property Description
INDUSTRIAL BUILDING
FULLY LEASED
13,883 SF
Fully leased 7-tenant industrial building with 13’ ceilings, 1 ADA bath per unit, 8 DID’s (7 12x12 and 1 12x30) and approx. 30 common parking spaces. Zoned M1.
Being sold at an 8% CAP with 5% vacancy factor.
Part of a 3 building portfolio of fully leased Industrial buildings for $2,578,246 (471 and 450 Jennings). Each building listed separately but available as a portfolio.
An 8,700 SF user flex building is also available for $737,500 (460 Jennings).
Rent Roll and APOD for Bldg. 470 Jennings attached.
Contact broker for full portfolio financials.