550 Bond Street

Deal Type: Acquisition

Risk Profiles: Core

Property Types: Industrial

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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
+1 312 995 5163
dan.cooney@cushwake.com 

MIKE TENTERIS

Vice Chair
+1 312 470 3832
michael.tenteris@cushwake.com

ADAM TYLER

Vice Chair

+1 312 470 1840
adam.tyler@cushwake.com

MEGAN BARKER

Director
+1 312 424 8202
megan.barker@cushwake.com 

 

JIM CARPENTER

Vice Chair
+1 312 470 3830
jim.carpenter@cushwake.com

 

ERIC FISCHER

Vice Chair

+1 773 425 9818

eric.fischer@cushwake.com 

 

 

JEFF ALTENAU
Vice Chair
+1 312 470 2355
jeff.altenau@cushwake.com 

ZACH YARNOFF

Managing Director
+1 312 424 8205
zach.yarnoff@cushwake.com