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Holeman Ave
Steger, IL 60475
Fastenal - Over $30B Corp. Guarantee · Industrial Property For Sale

INVESTMENT HIGHLIGHTS

  • Investment Grade Tenant – Fastenal is a Publicly Traded Company (NASDAQ: FAST). The corporation’s net worth is over $30B.
  • Extra Income – LBM Tools pays $1,000 / month of rent for vehicle storage (Cap rate is determined based on this income + Fastenal income)
  • Bite-Size Deal – Low price point of $723,520 at a 7.30% Cap Rate.
  • Committed Site – Fastenal has been occupying this site for over 13 years with 2 years left on the current lease term.
  • Gross Modified Lease – LL can roll additional costs into the new rental income in 2023

PROPERTY FACTS

Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.33 AC
Rentable Building Area 7,920 SF
No. Stories 1
Year Built 2003
Parking Ratio 2.15/1,000 SF
Clear Ceiling Height 17’
Zoning M-1

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 32-33-412-015-0000
  • 32-33-412-017-0000
  • 32-33-412-018-0000
  • 32-33-412-016-0000
  • 32-33-412-019-0000
Land Assessment
$4,549
Improvements Assessment
$34,718
Total Assessment
$39,267
  • Listing ID: 24821278

  • Date on Market: 1/12/2022

  • Last Updated:

  • Address: Holeman Ave, Steger, IL 60475

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