Marcus & Millichap is pleased to present this UPS Ground Freight, Inc., Service Center, a property located at 4773 Sandy Hollow Road Rockford, Illinois. Attractively located within the Rockford Suburban MSA, the property has direct frontage on Sandy Hollow Road and Alpine Road with a combined traffic count of 31,011 vehicles per day. The property was originally built in 1986 and is situated on 5.7 acres. UPS Ground Freight has been at this location since the original lease commencement in April 1999, and extended their lease on April 9,2019 with an expiration date of April 8,2024. There are approximately 4.5 years remaining on the renewal term. The lease is backed by a corporate guarantee, UPS Freight Service Moody’s Credit Rating of A1. The property totals 18,650-square feet of building space comprised of a 9,900- square-foot main operations building and includes a 24-bay dock facility (+/-) with a 2,400-square-feet office and 2,400-square-feet basement, as well as a separate 8,750-square-feet maintenance building. UPS has been at this location for approximately 20 years, showing their commitment to the location. The subject property is strategically located in a busy industrial corridor with other tenants such as Penske, U-Haul, Rockford Charter Coach, Goodyear, and ABF Freight to name a few. UPS has the option to expand on the property at a rate of two percent over prime based on the expansion cost and amortized over 10 years.UPS, long regarded as the leading provider of small package delivery, has now aggressively expanded freight and other transportation solutions through a series of strategic acquisitions. The latest addition to this portfolio includes LTL and truckload freight services, which complements UPS’s global capabilities to provide customers a single source for multiple modes of transportation. UPS has option to purchase the building
