EXECUTIVE SUMMARY
Cushman & Wakefield’s National Industrial Advisory Group has been retained by Ownership as its exclusive advisor in the sale of 2400 & 2500-2550 Millbrook Drive (the “Portfolio”). The Portfolio is a collection of two assets located in the Lake County submarket of Chicago.
Totaling 231,964 square feet, the Portfolio is 100% leased to a two tenants, Zebra Technology and Plexus Corporation, with 3.6 years of weighted average lease term remaining. Ideally positioned in the Millbrook Business Center in Buffalo Grove, IL, the Portfolio attracts high quality and sticky tenants, with an average tenure of 19 years.
The offering provides investors with the opportunity to acquire two irreplaceable assets located within an infill submarket that are fully leased to highly committed tenants.
INVESTMENT HIGHLIGHTS
- Committed Tenancy
- Located in an Established Business Park
- Best-in-Class Assets, Fitting The Submarket Tenancy
- Lake County Submarket
- Premier Submarket
- Strong Fundaments
- Discount to Replacement
OFFERING AT A GLANCE
Size: | 231,964 SF |
Building(s): | 2 |
Tenant(s): | 2 |
Leased: | 100% |
WALT: |
3.6 Years |
Clear Height: | 28' / 32' |
Year Built: | 1998 / 2000 |
CONTACTS
JIM CARPENTER Vice Chair |
MIKE TENTERIS Vice Chair |
ADAM TYLER Vice Chair +1 312 470 1840 |
MEGAN BARKER |
KEITH PURITZ |
JEFF ALTENAU Vice Chair +1 312 470 2355 jeff.altenau@cushwake.com |
ZACH YARNOFF Managing Director |
CUSHMAN & WAKEFIELD NATIONAL INDUSTRIAL ADVISORY GROUP
CENTRAL
Jim Carpenter
Mike Tenteris
Adam Tyler
Megan Barker
MOUNTAIN WEST
Will Strong
Michael Matchett
Molly Hunt
Dean Wiley
WEST
Jeff Chiate
Rick Ellison
Bryce Aberg
Matthew Leupold
Ashley Tassano
FLORIDA
Mike Davis
Rick Brugge
Rick Colon
Dominic Montazemi
SOUTHWEST
Jim Carpenter
Jud Clements
Robby Rieke
Trevor Berry
NORTHEAST
Gary Gabriel
Gerry Blinebury
Kyle Schmidt
Jon Carpenter
Graham Savage
SOUTHEAST
Stewart Calhoun
Casey Masters
Ryan Bellows
Drew Stanford