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Industrial Portfolio 4 Properties Offered at $13,173,764 CAD in Rochelle, IL
Executive Summary
Illinois Broker of Record: Steven Weinstock
Marcus & Millichap
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
Marcus & Millichap, as exclusive advisor, is pleased to offer for sale a four-building industrial portfolio located at 324 Errett Rd, 100 E. Quarry Rd, 111 5th Ave & 500 N Caron Rd. in
Rochelle, IL. This portfolio consists of four buildings on four parcels totaling approximately 252,638 square feet and sits on approximately 49.49 acres. 324 Errett is listed for $4,880,000, 100 E Quarry is listed for $2,365,00 and 111 5th/500 N Caron is listed for $2,455,000 for a total offering price of $9,700,000.
This portfolio provides an investor an attractive day one yield, while also providing additional upside through lease up as well as potential development opportunities.
324 Errett Rd is 100% occupied by Del Monte on a short-term lease.
100 E Quarry Rd is 100% occupied by Hickory Grove Alloys on a long-term lease.
111 5th Ave is approximately 25.1 acres with two buildings on the parcel. Building one is approximately 97,158 square feet and Building two is approximately 8,325 square feet with a total of seven tenants.
500 N Caron Rd is approximately 15.87 acres of vacant land, primed for new industrial development potential.
Marcus & Millichap
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
Marcus & Millichap, as exclusive advisor, is pleased to offer for sale a four-building industrial portfolio located at 324 Errett Rd, 100 E. Quarry Rd, 111 5th Ave & 500 N Caron Rd. in
Rochelle, IL. This portfolio consists of four buildings on four parcels totaling approximately 252,638 square feet and sits on approximately 49.49 acres. 324 Errett is listed for $4,880,000, 100 E Quarry is listed for $2,365,00 and 111 5th/500 N Caron is listed for $2,455,000 for a total offering price of $9,700,000.
This portfolio provides an investor an attractive day one yield, while also providing additional upside through lease up as well as potential development opportunities.
324 Errett Rd is 100% occupied by Del Monte on a short-term lease.
100 E Quarry Rd is 100% occupied by Hickory Grove Alloys on a long-term lease.
111 5th Ave is approximately 25.1 acres with two buildings on the parcel. Building one is approximately 97,158 square feet and Building two is approximately 8,325 square feet with a total of seven tenants.
500 N Caron Rd is approximately 15.87 acres of vacant land, primed for new industrial development potential.
Property Facts
| Price | $13,173,764 CAD | Number of Properties | 4 |
| Price / SF | $53.92 CAD / SF | Individually For Sale | 3 |
| Cap Rate | 8.95% | Total Building Size | 244,313 SF |
| Sale Type | Investment | Total Land Area | 24.45 AC |
| Status | Active |
| Price | $13,173,764 CAD |
| Price / SF | $53.92 CAD / SF |
| Cap Rate | 8.95% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 3 |
| Total Building Size | 244,313 SF |
| Total Land Area | 24.45 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 324 Errett Rd, Rochelle, IL 61068 | Industrial | 114,000 SF | 1965 | $6,627,625 CAD |
| 111 5th Ave, Rochelle, IL 61068 | Industrial | 97,158 SF | 1977 | $3,334,185 CAD |
| 100 E Quarry Rd, Rochelle, IL 61068 | Industrial | 33,155 SF | 1980 | $3,211,954 CAD |
| 500 Caron rd, Rochelle, IL 61068 | Land | 15.87 AC | - | - |
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