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Industrial Portfolio 4 Properties Offered at $13,537,514 CAD in Rochelle, IL
Investment Highlights
- Four-building industrial portfolio on four parcels.
- Potential development opportunities.
- Investment with immediate yield.
- Located in a prime intermodal hub.
Executive Summary
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.
Illinois Broker of Record: Steven Weinstock
Marcus & Millichap
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
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.
Illinois Broker of Record: Steven Weinstock
Marcus & Millichap
Steven.Weinstock@MarcusMillichap.com
Lic #: 471.011175
Property Facts
| Price | $13,537,514 CAD | Number of Properties | 4 |
| Price / SF | $53.37 CAD / SF | Individually For Sale | 3 |
| Cap Rate | 8.95% | Total Building Size | 253,638 SF |
| Sale Type | Investment | Total Land Area | 49.61 AC |
| Status | Active |
| Price | $13,537,514 CAD |
| Price / SF | $53.37 CAD / SF |
| Cap Rate | 8.95% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 3 |
| Total Building Size | 253,638 SF |
| Total Land Area | 49.61 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 324 Errett Rd, Rochelle, IL 61068 | Industrial | 114,000 SF | 1965 | $6,810,626 CAD |
| 111 5th Ave, Rochelle, IL 61068 | Industrial | 106,483 SF | 1977 | $3,426,247 CAD |
| 100 E Quarry Rd, Rochelle, IL 61068 | Industrial | 33,155 SF | 1980 | $3,300,641 CAD |
| 500 Caron rd, Rochelle, IL 61068 | Land | 15.87 AC | - | - |
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