This property is Off-Market
818-890 Oak Creek Drive
Lombard, IL 60148 ·
79,462 SF · Industrial For Sale
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.|
|Lot Size||2 AC|
|Listing ID: 17857262||Date Created: 10/02/2012||Last Updated: 04/01/2013|
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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