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12550 S Lombard LnAlsip, IL 60803
RMP | 10-Year Lease Single-Tenant Industrial
Asset ClassIndustrial
10-year lease single-tenant industrial
overview of deal

Overview

Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 12550 South Lombard Lane (the “Property” / “Investment”), a fully leased, single-tenant industrial asset located in Alsip, Illinois.

 

The Property is occupied by Rolled Metal Products (RMP), a wholesale metal and mineral distributor that has operated from the location continuously since 2005. The tenant utilizes the facility as its corporate headquarters, light manufacturing operation, and warehouse. This long-term occupancy reflects a strong alignment between the Property’s functionality and the tenant’s operational and workforce requirements.

 

The facility supports a crane-integrated light manufacturing operation, including overhead crane systems, specialized machinery, and embedded production infrastructure. RMP has invested meaningful capital into the premises, creating significant operational integration within the building. Relocation would require dismantling crane systems, relocating heavy equipment, and rebuilding critical infrastructure, resulting in substantial cost and downtime, which creates meaningful barriers to relocation and supports long-term tenancy.

 

RMP recently executed an early lease renewal, extending its term through 2036 alongside additional investment into its space. The tenant currently occupies the property at approximately 25% below prevailing market rents, providing potential long-term upside upon lease rollover.. With the recent and proactive extension, RMP has now executed leases covering more than 30 years of total tenancy at the property.

 

Strategically located within one of Chicagoland’s most established industrial corridors, the Property offers immediate access to I-294, I-57, I-55, and I-80, along with proximity to Midway International Airport and the Indiana state line. At approximately 54,000 square feet, the Property falls within a highly liquid size range, supporting strong investor demand and future user exit optionality, and benefits from a deep labor pool and established manufacturing base.

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Investment Highlights

⦿ LEASE TERM THROUGH 2036 + PROACTIVE LEASE EXTENSION

 

⦿ 21 YEAR OPERATING HISTORY AT THIS LOCATION

 

⦿ CRANE-INTEGRATED MANUFACTURING FACILITY WITH SIGNIFICANT RELOCATION BARRIERS

 

⦿ EXCEPTIONAL CONNECTIVITY TO CHICAGO’S PRIMARY INDUSTRIAL CORRIDORS

 

⦿ STRATEGIC POSITION BETWEEN SOUTH COOK & NORTHWEST INDIANA INDUSTRIAL MARKETS

 

⦿ LIQUID MID-SIZE INDUSTRIAL ASSET IN AN ESTABLISHED LABOR MARKET

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12550 S Lombard LnAlsip, IL 60803
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