Property Listing No Longer Available for Sale

9900 Franklin Avenue, Franklin Park, IL

Industrial for Sale - $2,014,000 - 87,080 Sq. Ft. on 2.7 acres


Property Info

CIMLS#1080703
Location
  9900 Franklin Avenue
  Franklin Park IL 60131
UpdatedNovember 24th, 2020
TypeIndustrial
Price$2,014,000
Building87,080 Sq. Ft.
Land2.7 acres

Property Description

Minimum Bid: $2,014,000

Buyer’s Premium: 6%

Cooperating Broker’s Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)

Building Size: Approx. 87,080 SF

Lot Size: Approx. 2.7 Acres

Ceiling Height: 12? – 24?

Drive-In Doors: 8

Docks: 4 – 3 Interior, 1 Exterior

Zoning: C-M; Commercial Manufacturing

Sprinklers: Wet

2019 RE Taxes: $157,986.87

PIN #: 12-21-417-042-0000 (Building)

2019 RE Taxes: $5,837.51

PIN #: 12-21-312-065-0000 (Parking Lot Across the Street)

TOTAL 2019 RE Taxes: $163,824.38

NOI: $228,201.12

Cap Rate: 11.33%

PROPERTY HIGHLIGHTS

• Great Franklin Park landsite

• 2 new highway entrances

• New industrial spec products in market

• Tenants in place

• Heavy power

• Room for rental growth

• Public transportation on Franklin Avenue

• Easy to backfill spaces due to smaller size units and lower rents

• Projected Full Occupancy Net Income $348,568.18

• Net Income Over $228,201.12

• 11.33% Current Cap Rate with 17.30% Projected Cap Rate

• Additional parking across Scott Street



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