3531 Martens
$995,000
3531 Martens, Franklin Park, IL 60131
81,121
NOI
9,900 sqft
Building Size
Details:
Highlights:
- Lot Dimension: 133.9 x 140.2 x 134.2 x 142
- Annual Tax: $ 51351.0
- Average Floor Size: 9900.0
- Cash Flow: 81121.0
- Fully Leased Income: $ 81121.0
- Gross Income: $ 81121.0
- Ground Level: true
- Sprinkler: true
- Max Contiguous Area: 9900.0
- Min Divisible Area: 9900.0
- Age: Over 50 Years Old
- Lot Size: Under 1/2 Acre
- Sewer: Public
- Water: Municipal Water
Description:
9,900 SF industrial building for sale in Franklin Park, IL. NNN leased to a publicly traded multinational med-tech and optics company who has been in place since 2003. The lease has been extended to Feb 28, 2029. The asking price is an 8+ CAP rate on current rent and the lease has annual CPI increases that adjust each March. New roof 2022 (with 16 years remaining on the warranty). Recent masonry work and the parking lot is freshly seal coated and striped. The property is a corner location with 33 parking spaces and 1 drive-in-door. This is a solid, stable investment property located just off interchanges to I-90, I-94 and I-294 and 4 miles from O'Hare International Airport. No evening or weekend showings.
Listing ID: 4210a25b-500a-48c9-9f95-4ede27cdcba0
Location
Gallery
