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1201-1207 Remington Rd
Schaumburg, IL 60173
Remington Road Industrial · Industrial Property For Sale
PROPERTY FACTS
Property Type | Industrial | Year Built | 1980 |
Property Subtype | Warehouse | Parking Ratio | 1.08/1,000 SF |
Building Class | B | Clear Ceiling Height | 16’ |
Lot Size | 2.92 AC | No. Dock-High Doors/Loading | 9 |
Rentable Building Area | 51,681 SF | No. Drive In / Grade-Level Doors | 7 |
No. Stories | 1 |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | B |
Lot Size | 2.92 AC |
Rentable Building Area | 51,681 SF |
No. Stories | 1 |
Year Built | 1980 |
Parking Ratio | 1.08/1,000 SF |
Clear Ceiling Height | 16’ |
No. Dock-High Doors/Loading | 9 |
No. Drive In / Grade-Level Doors | 7 |
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
ABOUT 1201-1207 REMINGTON RD , SCHAUMBURG, IL 60173
1201-1207 Remington Road (the " Property") is located in Schaumburg, Illinois. The single-story, multi-tenant industrial building is comprised of 51,681 SF and is ideally situated less than five minutes from the two-way interchange at I-90, the Meacham Road interchange and approximately eight minutes from the four-way I-290 interchange with easy access to all of the Chicago Metro Area. The property is currently 100% occupied and features an attractive combination of 16’ clear height, cross-loading capabilities, and the flexibility to allow 50’ semi-trailers to back into its rear docks. Investment Highlights: - Opportunity to Achieve High Cash Flow Yield and Double-Digit Levered Cash Flow Returns - Rent Upside with Opportunity to Increase NOI as Leases Expire - Exceptional Historic Occupancy Above 95% Since 2010 - Currently 100% Occupied with a Healthy Average Tenant Tenure of 7.63 Years - Distinct Physical Advantages Over Competitive Properties with 16’ Clear Heights and Cross-Loading Capabilities - Institutionally Maintained with New Roof installed in July 2014 - Historically Low Tenant Improvement and Concession Costs - Excellent Location Near the I-290 and I-90 Intersection The auction date is set for February 10th to February 12th through Ten-X Commercial. To register for the auction and access the full offering materials, please visit the Ten-X auction site. Property tours are by appointment only. To arrange a tour, please contact Allison Alvarado of Transwestern at 312-881-7021 or allison.alvarado@transwestern.com
PROPERTY TAXES
Parcel Number | 07-12-300-023-0000 | Improvements Assessment | $502,991 |
Land Assessment | $222,896 | Total Assessment | $725,887 |
PROPERTY TAXES
ZONING
Zoning Code | M-1, Schaumburg |
M-1, Schaumburg |
Learn More About Investing in Industrial Properties
Listing ID: 18071136
Date on Market: 1/2/2020
Last Updated:
Address: 1201-1207 Remington Rd, Schaumburg, IL 60173
The Industrial Property at 1201-1207 Remington Rd, Schaumburg, IL 60173 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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