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Joliet Pattern Works 508 Pasadena Ave

53,100 SF Industrial Building Crest Hill, IL 60403 $4,150,000 ($78/SF) 8% Cap Rate

Industrial Properties Illinois Crest Hill 508 Pasadena Ave, Crest Hill, IL 60403

Executive Summary

Kwekel Companies is pleased to offer the sale leaseback of Joliet Pattern’s 53,100 square foot industrial building located on a 2 acre site near Chicago, IL. Joliet Pattern will execute a new 10 year absolute NNN lease at closing.

Attachments

Joliet Pattern - OM

Property Facts

Price $4,150,000 Lot Size 2.14 AC
Price Per SF $78 Rentable Building Area 53,100 SF
Sale Type Investment NNN No. Stories 1
Cap Rate 8% Year Built/Renovated 1965/1990
Sale Conditions Sale Leaseback Tenancy Single
Property Type Industrial Clear Ceiling Height 18 FT
Property Subtype Manufacturing No. Dock-High Doors/Loading 1
Building Class B No. Drive In / Grade-Level Doors 7
Price $4,150,000
Price Per SF $78
Sale Type Investment NNN
Cap Rate 8%
Sale Conditions Sale Leaseback
Property Type Industrial
Property Subtype Manufacturing
Building Class B
Lot Size 2.14 AC
Rentable Building Area 53,100 SF
No. Stories 1
Year Built/Renovated 1965/1990
Tenancy Single
Clear Ceiling Height 18 FT
No. Dock-High Doors/Loading 1
No. Drive In / Grade-Level Doors 7

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PROPERTY TAXES

Parcel Number 04-33-102-031 Improvements Assessment $294,397
Land Assessment $112,709 Total Assessment $407,106

PROPERTY TAXES

Parcel Number
04-33-102-031
Land Assessment
$112,709
Improvements Assessment
$294,397
Total Assessment
$407,106

zoning

Zoning Code M-1 (LIMITED MANUFACTURING DISTRICT)
M-1 (LIMITED MANUFACTURING DISTRICT)
(616) 293-6924

Contact

  • Listing ID: 33712890

  • Date on Market: 11/1/2024

  • Last Updated:

  • Address: 508 Pasadena Ave, Crest Hill, IL 60403

More public record information on 508 Pasadena Ave, Crest Hill, IL 60403

The Industrial Property at 508 Pasadena Ave, Crest Hill, IL 60403 is currently available for sale. Contact Kwekel Companies for more information.

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Joliet Pattern Works | 508 Pasadena Ave
(616) 293-6924 x

Joliet Pattern Works | 508 Pasadena Ave

Tim Kwekel

(616) 293-6924

(616) 293-6924

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