1800 Circuit Dr 10,900 SF 100% Leased Industrial Building Round Lake Beach, IL 60073 $1,504,283 CAD ($138.01 CAD/SF) 7.33% Cap Rate

The Doughty Industrial Group of Marcus & Millichap is pleased to present the sale offering of 1800 Circuit Drive, a multi-tenant small-bay industrial investment opportunity in Round Lake Beach, Illinois. The property is located in a tight industrial market with limited supply and minimal vacancy for class B and C product sub-30,000 square feet. Located 7.5 miles from I-94, the property is an hour away from both Milwaukee and Chicago via car.
The subject property consists of ±10,900 square feet that make up 4 units with 4 separate tenants. Unit A is a ±3,400 square foot building separate from units B, C, and D, which are equally divided within a ±7,500 square foot building. Each unit contains a drive-in door; unit B has an additional drive-in door and unit A has an exterior loading dock.
The purchase of this offering provides investors with an opportunity to acquire a stabilized cash-flowing, multi-tenant industrial asset in Lake County Illinois, supported by strong industrial fundamentals and low vacancy rate. At the current list price of $1,100,000 the investment offering generates an in-place net operating income of $80,587, which equates to a capitalization rate of 7.33%.