Dixon, IL - Industrial Development

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an industrial development investment opportunity located in Dixon, Illinois. The property consists of nine parcels totaling 59.22 acres. The nine parcels contain a total of eight warehouses, two pump houses,
a water tower, and a sewage treatment plant. Five of these warehouses are on contiguous parcels. Lee County public records show a total square footage of 184,282 for the improvements. The current owner has provided warehousing and distribution services to local, regional, and international companies for over 50 years, generating income through warehouse leasing, forklift rental services to tenants, water service, and sewage treatment service. The subject property provides non-potable water and sewer services to the surrounding businesses. The water and sewer services generate the majority of the income at a very high profit margin and with low maintenance requirements. Additional income is possible as the rates for the water and sewer services are past due for an increase. Within the last ten years the sewage treatment plant installed a new sand filtration system and the water tower went through extensive upgrades.

The property is ideally located in Dixon, Illinois and is easily accessible by North-South & East-West interstates. Heavy industrial cities such as Rockford (40 miles), Chicago (100 miles), Peoria (85 miles), and Moline (70 miles) are all in close proximity. Also, in Rochelle (25 miles), is the Union Pacific Global III Inter-modal Facility. This facility opened in 2003 and is a critical interchange hub and loading/unloading terminal for rail inter-modal shipments moving through western Iowa and Wisconsin.

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Listing ID: a288X000003lxxyQAA