Description

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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.