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Oak Creek Center
818-890 Oak Creek Drive, Lombard, IL 60148
79,462 SF | Industrial
Industrial Property - Off Market
- Building Size:
- 79,462 SF
- Property Type:
- Property Sub-type:
- Industrial-Business Park
- Additional Sub-types:
- Flex Space
- Property Use Type:
- Clear Ceiling Height:
- 16 ft.
- Lot Size:
- 2 AC
- Listing ID
- Last Updated
- 340 days ago
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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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO