Industrial Sale Leaseback

509 N 3rd Ave, Des Plaines, IL
Deal Type:
Sale Leaseback
Price:
$5,400,000
Cap Rate:
6.6%
Current Rent:
$354,009
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-Year Options
Building Sq. Ft.:
40,001 SF
Rent Increases:
2.00% Annually

Investment Highlights

  • Long-term (15-year) absolute triple net lease with 2% annual escalations
  • Strong tenant and guarantor financial profile with consistent cash flow generation and Adj. EBITDA growth
  • Synergies between both companies, including consolidation into the subject property, are estimated to increase EBITDA by over $1M (no synergies assumed in financial projections presented in this OM)
  • Mission critical property with significant capital investment (building and lab equipment) and plan for increased utilization

Listing Agents

Krupa Shah

Managing Director
646 734 4188
Krupa@stream-cp.com

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com
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