Industrial Sale Leaseback

509 N 3rd Ave, Des Plaines, IL
Deal Type:
Sale Leaseback
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
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

Jonathan Wolfe

Managing Principal
312 310 2798

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