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AmeriGas 4158 Division St 17,834 SF Industrial Building Hillside, IL 60162 $2,343,000 ($131.38/SF) 6.85% Cap Rate
Investment Highlights
- Institutional Scale Tenant with BBB Investment Grade Backing – AmeriGas is the nation’s largest retail propane distributor
- Committed 20+ Year Tenant / Passive Lease / 3% Annual Rent Increases – AmeriGas recently executed a new 5-year lease extension
- Strategic Infill Chicago Industrial Location – Located at the Hillside Interchange – where I-290, I-294, and I-88 converge
Executive Summary
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
| Price | $2,343,000 | Rentable Building Area | 17,834 SF |
| Price Per SF | $131.38 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1972 |
| Cap Rate | 6.85% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.45/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 15’ |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Lot Size | 1.38 AC | No. Drive In / Grade-Level Doors | 3 |
| Zoning | M-2 | ||
| Price | $2,343,000 |
| Price Per SF | $131.38 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.38 AC |
| Rentable Building Area | 17,834 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Tenancy | Single |
| Parking Ratio | 1.45/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | M-2 |
Utilities
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Utilities
- -
- -
- -
AmeriGas Partners, L.P., through its subsidiary, AmeriGas Propane, L.P., operates as a retail and wholesale distributor of propane gas in the United States. It distributes propane gas to approximately 1.3 million residential, commercial, industrial, agricultural, and motor fuel customers in 50 states. The company also sells, installs, and services propane appliances, including heating systems. It markets propane primarily under the AmeriGas and Americas Propane Company names. Its propane is used for home heating, water heating, and cooking purposes; to fire furnaces, as a cutting gas, and in other process applications; as a supplemental fuel and motor fuel; and for tobacco curing, chicken brooding, and crop drying applications.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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|
Utilities | - | - | - |
Property Taxes
| Parcel Number | 15-17-404-011-0000 | Improvements Assessment | $132,807 |
| Land Assessment | $121,620 | Total Assessment | $254,427 |
Property Taxes
Presented by
AmeriGas | 4158 Division St
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