Historical Industrial Sale Listing - Preferred Freezer

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Preferred Freezer

2500 S. Damen Ave, Chicago, IL 60608

N/A

128,200 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
128,200 SF
Property Type:
Industrial
Property Sub-type:
Refrigerated/ Cold Storage
Property Use Type:
Investment
Cap Rate:
6.88%
Occupancy:
100%
Tenancy:
Single
Year Built:
2003
Lot Size:
6 AC
Listing ID
14285048
Last Updated
over 1 year ago

Description

The 5th largest Public Refrigeration Full-Service Warehouse in the Nation according to IARW. Over 1.6m sq ft & approx. 64m cu ft of refrigerated space. There are 12 sites in the US w/ 13th scheduled for a 05' opening. They have nearly 100% client retention. Typically within 1-yr of opening they maintain an operating margin of 40-45% and a return on assets of 15-20%.

The property is located in the third-largest metropolitan area in the United States in a densely populated region poised for growth.
Chicago ranks second in number of corporate headquarters in the United States. Chicago O'Hare International airport is 14.2 miles from the site and Midway Airport is a mere 5.3 miles from the site. Both are located off Highway 55. With the World's busiest airport, expansive rail and freeway networks and a water port, Chicago is the nation's leading intermodal distribution point, transporting twice the volume of Los Angeles and five times that of New York.
With Chicago's ideal central location, affording access to the east/west corridor joining the markets of Europe and Asia and the north/south trade of NAFTA, its transportation and technology infrastructure has developed into one of the largest and most efficient in the World.

Map of 2500 S. Damen Ave, Chicago, IL 60608 (Cook County)

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Created 7/29/2005