Available For Sale - Industrial , Warehouse

71,498 SF | Show Pricing $

LISTED BY

Olivia Czyzynski
SVN | Chicago Commercial, 312-676-1862

AVAILABILITY DETAILS

Size
71,498 SF
Price/SF
Show Pricing $
Listing ID
SA530411
Notes
3100 Randolph is a professionally maintained 71,498 SF industrial building. It was originally designed as a single-tenant building but currently houses eight tenants subdivided by cages. The building is positioned as an owner/user purchase opportunity, but a buyer may keep some or all of the tenants if preferred and because there are no demising walls for the tenants, can easily be restored back to a single tenant building. All tenants are either on a month-to-month lease basis or can be canceled with a 90-day written notice. The real estate taxes have been protested and successfully reduced. The property is priced on a per-square-foot basis; however, if a buyer is interested in reviewing the rent roll and expenses, the information can be provided.



Following is a summary of the income:

> Gross Income: $427,800

> 2022 Operating Expenses: $186,996 (does not include CapEx, Vacancy Factor or Management Fee)

> Real Estate Taxes: $91,037

> NOI: $149,767
Uses
Industrial
Warehouse

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Olivia Czyzynski, SVN | Chicago Commercial