Light Industrial - Vacant

Closed

Portfolio of 3 - Available Individually

Light Industrial - Vacant

Recently Updated | Low DuPage County Taxes | 15 Minutes from O'Hare Airport

Ideally Located in the O'Hare Industrial Submarket

Less than One Mile from Interstate 390 Interchange - 15 Minutes from O'Hare Airport

Low DuPage County Taxes - 2018 | $29,220.52

Two Internal Docks with Levelors

21 Foot Clear Height

Recently Update Office Space

1377 Industrial Drive, Itasca, IL 60143

* Sale Price $1,650,000  $72 psf

* Sold at 96% of List

* Closed in 62 Days

Market Summary

Price                                  $1,725,000

Rentable SF                        23,000 SF

Price per SF                      $109.09

Year Built                            1982

Lot Size                               1.49 Acres

Description

Marcus & Millichap is pleased to present 1377 Industrial Drive in Itasca, Illinois. The property was originally one of the properties that was home to Armstrong

 

Aeronautics, developer of aviation devices used by the commercial airline industry . Armstrong sold out to Astronics Corporation a publicly traded company (ATRO) and subsequently, Astronics has made the decision to move the entire operation to Waukegan, Illinois where it has found space that would allow the entire Illinois operation to be under one roof.The property is a 23,000-square foot industrial building including approximately 2400 square feet of office space . The property was used for the assembly of airline wire harnesses required on today's aircraft for communication purposes. Upgrades and repairs include a new 12.5 ton RTU, new building lighting, extensive electrical work which include running 18 new data lines and masonry work.

 

The building is ideally located off of Prospect Avenue in the O'Hare industrial submarket. Access to Interstate 390, and O'Hare International Airport is less than one mile away.The property is part of a three-building portfolio being sold by Astronics. The properties can be purchased together or separately; also included in the portfolio are 1431 Harmony Court and 1437 Harmony Court.

Contact Us


The Saia | Andrew Group of Marcus & Millichap

Tammy Saia Info
(630) 570-2226
tsaia@marcusmillichap.com

Tami Andrew Info

(630) 570-2179

tandrew@marcusmillichap.com

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