Industrial Investment Building
471 Jennings Drive, Lake in the Hills, Illinois 60156
Sold: $975,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
15,238 sqft
Land Size
0.79 acres
Sewer
city
Water
well
Zoning
M1
Electric
200 AMP
Year Built
1991
Parking
30
Property Description
INDUSTRIAL BUILDING
FULLY LEASED
15,236 SF
Fully leased 7-tenant industrial building with 14’ ceilings, 1 ADA bath per unit, 9 (12x12) DID’s and approx. 25 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 (470 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. 471 Jennings attached.
Contact broker for full portfolio financials.