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26735 W Commerce Dr 32,001 SF 100% Leased Industrial Building Volo, IL 60073 $3,889,060 CAD ($121.53 CAD/SF) 6.92% Cap Rate
EXECUTIVE SUMMARY
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to present this 32,001-square-foot multi-tenant industrial warehouse situated on 2.1 acres of land. This
property is 1 of 2 100% leased, free-standing multi-tenant industrial buildings currently available for sale in the northwest suburbs of
Chicago. Located at 26735 W Commerce Drive, Volo, IL, the asset offers immediate access to Routes 120, 60, and 12, providing
connectivity to downtown Chicago, O’Hare International Airport, and the broader Chicagoland area.
The property is well-positioned within the Village of Volo in Lake County—one of the strongest commercial and industrial growth areas
in the nation. Lake County benefits from a deep pool of skilled labor, with nearly 43% of residents holding a bachelor’s degree or
higher, and its location between Cook County and business-friendly Southeast Wisconsin further enhances its appeal to businesses and
investors.
The asset is currently 100% leased to five tenants on staggered lease terms, providing durable cash flow and minimizing rollover risk.
Functional features include a 22’ clear height, two dock-high doors, and five drive-in doors, accommodating a wide variety of industrial
users. Above-market rental increases and mark-to-market upside further strengthen the investment profile.
At the current offering price of $2,800,000, the property generates an in-place net operating income (NOI) of $191,909, equating to a
6.85% capitalization rate. Priced at $87.50 per square foot, this offering presents investors with a rare opportunity to acquire a fully
occupied, income-producing industrial asset in Lake County at an attractive basis. At the MMCC debt terms shown, after 1 and 2 years
an investor would be at a 10.67% and 15.74% levered return.
INVESTMENT HIGHLIGHTS
10.67% and 15.74% 1 and 2-year Pro Forma Levered Return
22' Clear Height
Above Market Rental Increases
Dock High Loading
Mark to Market Upside
Marcus & Millichap is pleased to present this 32,001-square-foot multi-tenant industrial warehouse situated on 2.1 acres of land. This
property is 1 of 2 100% leased, free-standing multi-tenant industrial buildings currently available for sale in the northwest suburbs of
Chicago. Located at 26735 W Commerce Drive, Volo, IL, the asset offers immediate access to Routes 120, 60, and 12, providing
connectivity to downtown Chicago, O’Hare International Airport, and the broader Chicagoland area.
The property is well-positioned within the Village of Volo in Lake County—one of the strongest commercial and industrial growth areas
in the nation. Lake County benefits from a deep pool of skilled labor, with nearly 43% of residents holding a bachelor’s degree or
higher, and its location between Cook County and business-friendly Southeast Wisconsin further enhances its appeal to businesses and
investors.
The asset is currently 100% leased to five tenants on staggered lease terms, providing durable cash flow and minimizing rollover risk.
Functional features include a 22’ clear height, two dock-high doors, and five drive-in doors, accommodating a wide variety of industrial
users. Above-market rental increases and mark-to-market upside further strengthen the investment profile.
At the current offering price of $2,800,000, the property generates an in-place net operating income (NOI) of $191,909, equating to a
6.85% capitalization rate. Priced at $87.50 per square foot, this offering presents investors with a rare opportunity to acquire a fully
occupied, income-producing industrial asset in Lake County at an attractive basis. At the MMCC debt terms shown, after 1 and 2 years
an investor would be at a 10.67% and 15.74% levered return.
INVESTMENT HIGHLIGHTS
10.67% and 15.74% 1 and 2-year Pro Forma Levered Return
22' Clear Height
Above Market Rental Increases
Dock High Loading
Mark to Market Upside
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$269,033
|
$8.41
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $269,033 |
| Annual Per SF | $8.41 |
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Wholesaler
- -
- -
- -
- -
Le réseau Bumper to Bumper est composé de distributeurs indépendants, de magasins de pièces automobiles et d'ateliers de réparation professionnels partout en Amérique du Nord. Ils vivent, mangent et respirent, prennent soin de la voiture ! Ils sont experts dans la compréhension de la façon d'entretenir les voitures plus anciennes sur les véhicules hybrides à technologie de pointe les plus récents, les plaques signalétiques nationales et étrangères, les camions, les flottes, les véhicules lourds et plus encore.
- Outdoor Interiors
- Retailer
- -
- $9.67 CAD
- Modified Gross
- Jul 2023
- Wedge Guys
- Retailer
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Wholesaler | - | - | - | - | |
| Outdoor Interiors | Retailer | - | $9.67 CAD | Modified Gross | Jul 2023 | |
| Wedge Guys | Retailer | - | - | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 09-02-102-008 | Improvements Assessment | $416,103 CAD |
| Land Assessment | $198,678 CAD | Total Assessment | $614,781 CAD |
PROPERTY TAXES
Parcel Number
09-02-102-008
Land Assessment
$198,678 CAD
Improvements Assessment
$416,103 CAD
Total Assessment
$614,781 CAD
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26735 W Commerce Dr
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