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Ajinomoto Health and Nutrition North America, 250 E Devon Ave 59,592 SF Office Building Itasca, IL 60143 $15,824,557 ($265.55/SF) 7% Cap Rate
Investment Highlights
- Investment Grade Credit: Ajinomoto Co. Inc, which holds an investment grade credit rating of A+.
- Strategic Market Positioning: The location houses the North American HQ with R&D space close to Chicago's O'Hare Airport.
- Data Center Driven Submarket: NTT Global recently constructed a data center minutes away.
- Passive Investment: Long term NNN lease with approximately 10 years of term remaining and annual rent escalations.
- Significant Tenant Investment: Ajinomoto invested approximately $7mm to renovate the facility.
Executive Summary
Ajinomoto N.A. is the is the global leader in the research, development, manufacture, and sale of amino acid-based products for the pharmaceutical, nutraceutical, sports nutrition, health, and beauty industries, as well as food ingredients. The Company is comprised of four business divisions and two subsidiaries that provide innovative solutions to meet various needs of North American consumers with better taste, nutrition, health, and wellness.
Property Facts
Sale Type
Investment
Property Type
Building Size
59,592 SF
Building Class
C
Year Built/Renovated
1983/2008
Price
$15,824,557
Price Per SF
$265.55
Cap Rate
7%
NOI
$1,107,719
Tenancy
Single
Building Height
1 Story
Typical Floor Size
59,592 SF
Building FAR
0.21
Lot Size
6.54 AC
Zoning
C
Amenities
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Manufacturing
- -
- -
- -
Over 100 years ago, Ajinomoto Co., Inc. was founded with the aspiration to help people “Eat Well, Live Well.” Today, they are a solution-providing group of companies for food and health issues, serving millions of consumers around the globe Ajinomoto Co., Inc. will contribute to greater wellness for people worldwide, unlocking the power of amino acids to resolve the food and health issues associated with dietary habits and aging. Through their products and services, Ajinomoto Co., Inc. will continue to help people, taking on new challenges to make every day more comfortable and delicious.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Manufacturing | - | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $34,026 | |
| Land Assessment | $1,558,861 | Total Assessment | $1,592,887 |
Property Taxes
Parcel Numbers
Land Assessment
$1,558,861
Improvements Assessment
$34,026
Total Assessment
$1,592,887
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