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IMS Buhrke Olson 3 Industrial Properties in Arlington Heights, IL
INVESTMENT HIGHLIGHTS
- Fully leased to a single tenant with corporate guarantee
- Renewal option at 95% of fair market value offers upside
- Located in a high-demand infill industrial submarket
- Passive ownership structure with ±4 years of term remaining
- Portfolio trades well below replacement cost
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to offer the opportunity to acquire a three-building industrial manufacturing portfolio totaling +/- 127,028 SF located at 501, 505, 507, 509, 511 West Algonquin Road Arlington Heights, IL 60005 (“Assets”, “Buildings”, or “Portfolio”). The Assets are leased to Buhrke Industries, LLC (“Tenant”) with a corporate guarantee from IMS Companies, LLC.
This offering presents the rare opportunity to acquire three infill manufacturing Assets with completely passive ownership for +/- 4.0 years and outstanding security in the value of the underlying real estate. Given the well below market rental rate, there is mid-term upside for a future investor as the Tenant’s renewal option is at 95% of FMV. Additionally, the portfolio will trade well beneath replacement cost and future ownership will benefit from the acquisition basis.
This offering presents the rare opportunity to acquire three infill manufacturing Assets with completely passive ownership for +/- 4.0 years and outstanding security in the value of the underlying real estate. Given the well below market rental rate, there is mid-term upside for a future investor as the Tenant’s renewal option is at 95% of FMV. Additionally, the portfolio will trade well beneath replacement cost and future ownership will benefit from the acquisition basis.
PROPERTY FACTS
| Sale Type | Investment NNN | Individually For Sale | 0 |
| Status | Under Contract | Total Building Size | 117,856 SF |
| Number of Properties | 3 | Total Land Area | 7.28 AC |
| Sale Type | Investment NNN |
| Status | Under Contract |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 117,856 SF |
| Total Land Area | 7.28 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 501-509 W Algonquin Rd, Arlington Heights, IL 60005 | Industrial | 55,891 SF | 1977 | - |
| 511 W Algonquin Rd, Arlington Heights, IL 60005 | Industrial | 33,296 SF | 1973 | - |
| 507 W Algonquin Rd, Arlington Heights, IL 60005 | Industrial | 28,669 SF | 1968 | - |
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IMS Buhrke Olson
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