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ABM Industries (NYSE: ABM) - 7 Yr Extension 1438-1440 W Lake St 8,000 SF Industrial Building Chicago, IL 60607 $1,680,000 ($210/SF) 6.25% Cap Rate
Investment Highlights
- Tenant Recently Exercised a 7-Year Lease Renewal, Showing Commitment to the Site
- Tenant Has Operated at the Site for 13+ Years (Since 2013)
- ABM (NYSE: ABM) is a Leading Fortune 500 Facility Solutions Provider - the Company Reported Record 2025 Revenue of $8.7 Billion
- 3% Annual Rental Increases with One, 5-Year Renewal Option Remaining
- Flex Warehouse/Office Space in the Heart of Downtown Chicago
- Daytime Population of 125,592 People and Average Household Income of $163,000 within a 1-Mile Radius
Executive Summary
ABM (NYSE: ABM) is one of the world’s largest providers of integrated facility, engineering, and infrastructure solutions. ABM’s 100,000+ team members deliver essential services that make spaces cleaner, safer, and more efficient, enhancing the overall occupant experience. ABM’s supports 19 diverse industries, serving six billion square feet of space every day.
Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan and expands over a 5,000-square-mile region in northeastern Illinois, extending into Wisconsin and Indiana. The metro houses 9.4 million people and comprises 14 counties.
Steven Weinstock – Marcus & Millichap – Broker of Record – steven.weinstock@marcusmillichap.com
Chicago-Naperville-Elgin is one of the largest metros in the nation. The Chicagoland area is bounded to the east by Lake Michigan and expands over a 5,000-square-mile region in northeastern Illinois, extending into Wisconsin and Indiana. The metro houses 9.4 million people and comprises 14 counties.
Steven Weinstock – Marcus & Millichap – Broker of Record – steven.weinstock@marcusmillichap.com
Property Facts
Utilities
- Heating
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Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 17-08-317-009-0000 | Improvements Assessment | $152,875 |
| Land Assessment | $46,875 | Total Assessment | $199,750 |
Property Taxes
Parcel Number
17-08-317-009-0000
Land Assessment
$46,875
Improvements Assessment
$152,875
Total Assessment
$199,750
Contacts
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Alex Frankel -
Mark Ruble -
Christopher Lind -
Zack House -
Steven Weinstock -
Marcus & Millichap
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Videos
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Photos
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ABM Industries (NYSE: ABM) - 7 Yr Extension | 1438-1440 W Lake St
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