4501-4509 Prime Pky
McHenry, IL 60050

Now offered exclusively by Marcus & Millichap to the investment market is the excellent three-tenant industrial/flex property, McHenry Business Center in McHenry, Illinois. This contemporary, 50,000 square foot, pre-cast multi-tenant facility is located on a 3.74 acre parcel in the far northwest suburban area of Chicago virtually on the border with Wisconsin. This facility is in a large, quality business park location providing a good corporate image and environment. The three tenants have a mix of office and warehouse space with collectively 15,500 square feet of office between all units. It is currently 100% occupied with all triple net leases that extend into 2019 and 2021. With the tenants occupying and renewing fairly recently they have demonstrated their desire to remain on and continue operations with rental levels at market for the area. McHenry, Illinois is located 45 miles northwest of Chicago, while Milwaukee is only 52 miles away to the northeast with the site 25 miles directly west of Lake Michigan. The enormous suburban sprawl of Chicago comes right to and includes the immediate area of the McHenry. This corporate park and facility are identified as being in the Chicago Industrial/McHenry County submarket by CoStar. Currently the McHenry County submarket is improving in occupancy performance and establishes a good projected period for the stability of the real estate going forward. Being 100% occupied, this facility is outperforming the stated 9.50% industrial submarket vacancy as reported by CoStar (2016 3Q Industrial Chicago Market Report). This good sized submarket north of the I-90 freeway to Rockford has over 32,000,000 square feet of industrial space in 869 identified buildings. A very good and stable area demographically, Chicago and its many suburban communities continue to thrive in this enormous geographic sprawl. While set well to the northwest of downtown Chicago, McHenry County has seen growth as a suburban environment offering excellent residential options and commercial prosperity.