This property is Off-Market

818-890 Oak Creek Drive
Lombard, IL 60148 ·

79,462 SF · Industrial For Sale

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Oak Creek Center

Price N/A Property Use Type Investment
Building Size 79,462 SF Tenancy Multiple
Property Type Industrial Clear Ceiling Height 16 ft.
Property Sub-type
Industrial-Business Park
More...
  • Flex Space
  • Manufacturing
  • Warehouse
Lot Size 2 AC
Listing ID: 17857262 Date Created: 10/02/2012 Last Updated: 04/01/2013

Description

The Capital Group of Newmark Grubb Knight Frank has been retained by Ownership as the exclusive broker in the sale of the fee simple interest in the Oak Creek Center. This offering represents a rare opportunity to acquire a 79,462 square foot light industrial building desirably located within the in-fill Oak Creek Business Park, a mile away from the I-355 and Route 38 interchange, in Lombard, DuPage County, Illinois.

Oak Creek Center is currently 95% leased to a roster of eight strong credit tenants. The largest tenant at the Property is Kia Motors Corporation. The firm is a division of the Hyundai-Kia Automotive Group, the fourth largest automaker in the world. Today, Kia Motors has over 42,000 employees worldwide and annual revenues of over $14.6 billion and is rated BBB+ with a stable outlook by S&P. Other notable tenants at the Property include The Home Depot, a Stanley Black & Decker Company, as well as a wholly owned subsidiary of Boeing, Jeppesen Sanderson. All of these firms enjoy an A credit rating with stable outlook from S&P.

Oak Creek Center enjoys a desirable in-fill location within the well-established Oak Creek Business Park in Lombard, Illinois. The Property is situated about a mile away from the I-355 and Route 38 (Roosevelt Road) interchange in DuPage County, which allows for lower property taxes. The asset is located within one of the strongest industrial submarkets in Greater Chicago with only a 7.5% direct vacancy rate and 1.9 million square feet of net absorption at mid-year 2012.

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818-890 Oak Creek Drive, Lombard, IL 60148 (DuPage County)

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