SVN Chicago Industrial is pleased to offer the sale of 345 N Skokie Highway in Gurnee, IL. The subject offering includes two separate, distribution/ warehouse buildings with a combined total of 21,938 SF situated on 1.16 acres. Reladyne, the established leader in lubricant sales and distribution was recently acquired by Audax Private Equity, a $4 billion private equity institution. The lease has more than four years remaining on their Single Tenant Absolute NNNN Lease. In addition, this lease carries 4, five year options with rent bumps correlated to the CPI. Additional month to month rental income on approximately 5,300 SF, for the past 8 years is included. (Upon close of escrow, a 1 year sublease with 90 day cancellation clause will be executed to document the current building usage.)

This industrial property is ideally suited for both warehousing and distribution as it has ample turn radius, 2 cross docks, and situated on the entrance ramp of US Hwy 41. This highway serves as a major north

Sales Info:

>> Commision split: 50.0%