10-Building Industrial Portfolio For Sale in Mokena, IL
The Details
- 10-building, 50,000 SF portfolio
- 6 industrial buildings
- 1 flex building
- 3 small storage buildings - Portfolio occupancy: 100%
- Close to I-80 & downtown Mokena
- Outdoor storage space generates additional income
- Industrial park located in unincorporated Will County
- Projected NOI: $510,000
- Projected Cap Rate: 7.3%
- Total Land Area: 7.0 acres
- Zoning: I-1 (Will County)
Subject property is a 10-building portfolio, that totals 50,000 square feet and includes six metal industrial buildings - 25 total units with 15 tenants, one flex building and three small storage buildings. The 100% occupied portfolio is located along 189th Place and generates additional revenue from outdoor storage and parking. The seven industrial buildings are leased to a range of local industrial users including trucking firms, landscaping firms and auto-related businesses. The portfolio is built on an 7.0 acre site in unincorporated Will County, which zoning accounts for many uses.
Mokena is a rapidly growing town in the southwest suburbs of Chicago. This property is approximately one mile north of downtown Mokena and a short drive from I-80, US 45 and I-355, making it a convenient location for customers throughout the southwest suburbs.