EXECUTIVE SUMMARY
Cushman and Wakefield’s National Industrial Advisory Group has been retained by ownership as its exclusive advisor in the sale-lease back of two assets located at 609 South Kirk Road and 1750 Wallace Avenue in St. Charles, IL (the “Portfolio”). These properties total 783,469 SF and are in the prominent industrial hub of Chicago.
The Portfolio will be 100% leased to R. R. Donnelley & Sons Company (“RRD”) on a 10-year absolute net lease with a starting blended lease rate of $5.09 per rentable square foot for a total year-1 NOI of +/-$4.0M with 3.50% annual escalations.
The offering provides investors the opportunity to acquire two assets fully leased to a nationally recognized tenant with secure long-term cash flow.
INVESTMENT HIGHLIGHTS
- 100% leased to R.R. Donnelley & Sons
- Long-Term Absolute Net Lease with Stable Cash Flows & Annual Escalations
- Critical Operation & Distribution Facilities
- Strong Chicago Submarket Fundamentals
OFFERING AT A GLANCE
Size: | 783,469 SF |
Building(s): | 2 |
Tenant(s): | 1 |
Leased: | 100% |
Lease Term: |
10 Years |
Avg. Clear Height: | 28' |
Avg. Year Built: | 1993 |
Year 1 NOI: | +$4.0M |
Annual Escalations: | 3.5% |
CONTACTS
JIM CARPENTER Vice Chair |
MIKE TENTERIS Vice Chair |
ADAM TYLER Vice Chair +1 312 470 1840 |
ELIZABETH GIVEN |
JOSH MCGEE Executive Managing Director +1 312 470 2351 |
MICHAEL THOMAS Director +1 972 663 9837 |
MIKE MAGLIANO Executive Managing Director +1 847 518 3259 michael.magliano@cushwake.com |
CUSHMAN & WAKEFIELD NATIONAL INDUSTRIAL ADVISORY GROUP
CENTRAL
Jim Carpenter
Mike Tenteris
Adam Tyler
Elizabeth Given
MOUNTAIN WEST
Will Strong
Kirk Kuller
Michael Matchett
Molly Hunt
WEST
Jeff Chiate
Rick Ellison
Bryce Aberg
Mike Adey
Brad Brandenburg
FLORIDA
Mike Davis
Rick Brugge
Rick Colon
Dominic Montazemi
SOUTHWEST
Jim Carpenter
Jud Clements
Robby Rieke
Madeleine Supplee
Trevor Berry
NORTHEAST
Gary Gabriel
Gerry Blinebury
Kyle Schmidt
Jon Carpenter
Graham Savage
SOUTHEAST
Stewart Calhoun
Casey Masters
Ryan Bellows
Drew Stanford
DEBT TEAM
Rob Rubano
John Alascio
Brian Share
TJ Sullivan