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AAI - Vistech 1001 State St 240,000 SF Industrial Building Chicago Heights, IL 60411 $14,071,620 ($58.63/SF) 7.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Private Equity Firm, Angeles Equity Partners acquired AAI in February 2016
- 30 Years of Operating History Maintaining Longstanding Relationships with the Top Auto Makers
- AAI is Tier 1 Supplier of Sound Barrier and Noise Damping Products
EXECUTIVE SUMMARY
Long-Term, 15 Year Triple Net (NNN) Lease with 2.00% Annual Increases
Mission Critical Manufacturing Facility in Operations Since 1985
Facility Has Three Continuous Production Lines Producing Sound Barrier and Noise Damping Products
Mission Critical Manufacturing Facility in Operations Since 1985
Facility Has Three Continuous Production Lines Producing Sound Barrier and Noise Damping Products
PROPERTY FACTS
| Price | $14,071,620 | Lot Size | 15.78 AC |
| Price Per SF | $58.63 | Rentable Building Area | 240,000 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.65% | Year Built | 1999 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | M-3 | ||
| Price | $14,071,620 |
| Price Per SF | $58.63 |
| Sale Type | Investment NNN |
| Cap Rate | 7.65% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 15.78 AC |
| Rentable Building Area | 240,000 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Tenancy | Single |
| Opportunity Zone |
Yes |
| Zoning | M-3 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $287,284 | |
| Land Assessment | $360,938 | Total Assessment | $648,222 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$360,938
Improvements Assessment
$287,284
Total Assessment
$648,222
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AAI - Vistech | 1001 State St
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