Marcus & Millichap is pleased to present for sale the fee simple interest in the 25111 Ramm Drive industrial property. This property is an approximately 40,040-square foot, multitenant industrial building located in Naperville, Illinois- a western suburb of Chicago that is located in DuPage County. This property is a rare opportunity for an investor to own a low maintenance industrial property that is fully stabilized by a highly diverse mix of tenants occupying small industrial incubator-type units of approximately 1,625 square feet each.

Location Description:

Naperville is one of the premier suburbs of Chicago and has a high average household income of over $132,500 within a three-mile radius. The site has little competition when it comes to being a very well-maintained professional property of its size and leasing rates within the Naperville city limits. Also, replacing a building in the same location with similar attributes would be highly unlikely in the near future. The investment has long history of high occupancy due to these market conditions because the smaller "incubator" units are desirable to a wide range of small businesses and are affordable to lease. The property has been fully leased to date by the owner doing only his own advertising.

Highlights:

>> $52.45 / Square Foot

>> Located in the Extremely Desirable West Suburb of Naperville, Illinois

>> Low DuPage County Taxes and No Village Sewer and Water Taxes

>> Close Proximity To Interstates 88, 55 and 355

>> Strong Employment Base To Draw From

>> Newer Construction; Well-Maintained Facility

>> Low Maintenance Facility

>> Potential Condominium Conversion Property

>> Diverse and Stable Tenant Base with 60 Percent Occupying Site For Four-Plus Years and 40 Percent Occupying Site Seven-Plus Years

* Email for additional photos

Sales Info:

>> Cap rate: 7.09%

>> NOI: $148876