EXECUTIVE SUMMARY
Cushman & Wakefield has been retained as the exclusive advisor to ownership in the sale of 550 Bond Street, a 75,703 square foot shallow-bay industrial facility located in Lincolnshire, Illinois. The building is 100% leased to Interior Investments, LLC (d/b/a Continua Interiors), a Midwest-based contract interiors company providing furniture and workplace solutions to commercial users that has occupied the asset for approximately 15 years. The current lease extends through September 2032 and features 3.50% annual rent escalations, providing stable and growing in-place cash flow.
Situated within the Lincolnshire Business Center, an industrial development park, the Property benefits from strong tenant demand and limited competing shallow-bay inventory. The location provides convenient access to Milwaukee Avenue and Interstate 94, offering efficient connectivity throughout Chicago and Southeast Wisconsin. Recent capital improvements, including a new roof, support long-term ownership with minimal near-term capital requirements.
The offering presents an opportunity to acquire a well-maintained, single-tenant industrial asset with durable income backed by approximately 6.3 years of remaining lease term.
INVESTMENT HIGHLIGHTS
- 100% Leased to Long-Term Tenant
- 6.3 Years Remaining Term
- 3.50% Annual Escalations
- Considerable Discount to Replacement Cost
- Located in Infill Industrial Park
OFFERING AT A GLANCE
| Size: | 75,703 SF |
| Year Built: | 1992 |
| Tenant: |
Interior Investments, LLC (Continua Interiors) |
| Guarantor: | Paric Holdings, Inc. |
| Leased: |
100% |
| Term Remaining: | 6.3 Years |
| Annual Escalations: | 3.50% |
CONTACTS
|
DAN COONEY Associate |
MIKE TENTERIS Vice Chair |
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ADAM TYLER Vice Chair +1 312 470 1840 |
MEGAN BARKER Director+1 312 424 8202 megan.barker@cushwake.com
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JIM CARPENTER Vice Chair |
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|
ERIC FISCHER Vice Chair +1 773 425 9818 |
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| JEFF ALTENAU Vice Chair +1 312 470 2355 jeff.altenau@cushwake.com |
ZACH YARNOFF Managing Director |