EXECUTIVE SUMMARY

Cushman and Wakefield’s National Industrial Advisory Group has been retained by ownership as its exclusive advisor in the sale leaseback of a 112,660 square foot facility located at 500 Central Avenue in University Park, IL (the “Property”). The Property is situated within the I-80 Corridor benefiting from exceptional access to I-57, proximity to a strong workforce, and active rail service.

The Property will be 100% leased to Caldic on a 15-year absolute net lease with a starting base rate of $7.00 per rentable square foot per year and 3.00% annual escalations. Caldic is a global company that provides specialty ingredients and chemicals for the industrial and life science markets. The company is headquartered in Rotterdam, the Netherlands and primarily operates in North America, Europe, and Asia-Pacific.

The subject facility is a liquid food processing facility, and is Kosher, Halal, Organic, FDA API, food-grade certified compounder-blender and value‑added distributor of formulated products, raw materials and ingredients for the food processing, pharmaceutical, and personal care industries. The subject facility does not handle industrial chemicals. 

The offering provides investors the opportunity to secure a stable, long‑term cash flow via a functional asset that is vital to the tenant’s operations.

INVESTMENT HIGHLIGHTS

• 100% Leased to Caldic
• Long-Term Absolute Net Lease with Stable Cash Flow
• Mission Critical Facility
• Attractive Building Features with Flexible Building Design
• Strong Market Fundamentals

OFFERING AT A GLANCE

CONTACTS

RYAN KLINK

Managing Director

+1 847 518 3211

ryan.klink@cushwake.com 

CENTRAL

Jim Carpenter

Mike Tenteris

Adam Tyler

Megan Barker

MOUNTAIN WEST

Will Strong

Michael Matchett

Molly Hunt

WEST

Jeff Chiate

Rick Ellison

Bryce Aberg

Matthew Leupold

Aubrie Monahan

FLORIDA

Mike Davis

Rick Brugge

Rick Colon

Dominic Montazemi