Triple Net Leased Warehouse at 8.0% Cap Rate
No Longer Available
1806 Hagemann Dr.
Batavia, IL 60510
5,500 SF
Industrial Warehouse
The Details
- 5,500 SF single tenant warehouse
- Net leased to fiber optic company
- Tenant since 2014
- New 5-year NNN lease in 2018 with 2.5% annual escalations
- Est. Year 1 NOI: $71,500
- Avg. 5-Year Cap Rate: 8.0%
- Ceiling Height: 20’
- Loading: five 15’ drive-in doors
- Mezzanine with additional space
- Paved area for outdoor storage
- Land Area: 46,174 SF
- Zoning: GI, general industrial
A 5,500 square foot warehouse is 100% triple net leased to a long-term tenant. A fiber optics company signed a new 5-year lease in 2018 for the facility they have occupied since 2014. The building features 20’ ceilings and five 15’ drive-in doors plus a large paved area for outdoor storage. The new lease commences in March 2019 and includes 2.5% annual increases.
Part of the Tri-Cities area, Batavia is part of the I-88 West Industrial submarket in Chicago. This submarket has very low vacancy and strong rents due to the strong demographic trends and limited development activity.