EXECUTIVE SUMMARY
Cushman & Wakefield’s National Industrial Advisory Group has been retained by ownership as its exclusive advisor in the sale of the R.R. Donnelley Portfolio (the “Portfolio”), located at 609 South Kirk Road and 1750 Wallace Avenue in St. Charles, IL. The Portfolio totals 783,668 square feet in the Southern Fox Valley submarket of Chicago.
With 14.6 years of remaining lease term, the Portfolio is 100% leased to R.R. Donnelley & Sons Company (“RRD”), a global leader in business communications, marketing, and print solutions. RRD recently executed an early seven-year lease extension commencing in 2034, reinforcing its long-term commitment to the subject facilities, which serve as critical production and distribution hubs.
The Portfolio provides investors with the opportunity to acquire two fully leased assets backed by a nationally recognized tenant, offering durable, long-term cash flow ina strong-performing submarket.
INVESTMENT HIGHLIGHTS
- 14+ years of remaining lease term
- Absolute NNN lease structure
- Nationally recognized tenant with significant capital invested in buildings
- Exceptionally strong market fundamentals for Chicago and Southern Fox Valley submarket
- Secure cash flow at a basis well below replacement cost
OFFERING AT A GLANCE
| Size: | 783,668 SF |
| # of Buildings: | 2 |
| Tenant: | R.R. Donnelley & Sons Company |
| Leased: | 100% |
| Remaining Term: |
14.6 Years |
| Lease Structure: | Absolute NNN |
| Annual Escalations: | Yrs 1-8: 3.50%; Yrs 9-15: 3.25% |
CONTACTS
|
MIKE TENTERIS Vice Chair
|
ADAM TYLER Vice Chair +1 312 470 1840 |
|
MEGAN BARKER Director+1 312 424 8202 megan.barker@cushwake.com
|
JIM CARPENTER Vice Chair |
|
MIKE MAGLIANO Executive Managing Director +1 847 518 3259 |
|
| JEFF ALTENAU Vice Chair +1 312 470 2355 jeff.altenau@cushwake.com |
ZACH YARNOFF Managing Director |