Fully Leased Industrial Multi Tenant Bldg.
440 Jennings Drive, Lake in the Hills, Illinois 60156
Sold: $500,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
9,216 sqft
Land Size
0.5 acres
Sewer
city
Water
well
Zoning
M1
Electric
200 amp 3 phase
Year Built
2001
Parking
19
Property Description
MULTI-TENANT INDUSTRIAL BUILDING
FULLY LEASED
9,216 SF
Fully leased multi-tenant industrial building. Currently 3 tenants with short term leases below market rents. Total building is 9,216 SF or $59.68 psf, assessed at $619,320 ($67.20 psf).
16’ ceilings, floor drains, office and bath in each unit, 12x14 DIDs. See layout and survey.
6% CAP rate with upside. Contact broker for rent roll and operating statement.