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Industrial Condos Portfolio

1040 Ensell Rd. Lake Zurich, IL 60047

Description

Marcus & Millichap is pleased to present ten one-story, industrial condominium units located in Lake Zurich, Illinois. Lake Zurich is approximately 37 miles from downtown Chicago and 19 miles from O'Hare International Airport. The units are part of a larger, 12-unit, 32,400-square foot industrial condominium building; built in 1997.

 

The subject property at 1050 Ensell Road is attractively landscaped, includes 90 on-site parking spaces, is fully sprinklered and includes a wet system. All units have two restrooms, acoustic ceiling tile with inlaid lighting fixtures, and gas-fired, forced-air HVAC roof mounted units. The rear is utilized for storage and is improved with concrete flooring. Each unit has a private entrance and drive-in-door. Addionallly, the building has two common docks which are shared among tenants.

 

Major retailers located near the subject property, along Illinois Route 22 and US Route 12 include: Jewel, Target, Walmart, Walgreens, Starbucks, Sonic, Costco, Bank of America, Chase and more. 

Single-Tenant Industrial Condo, Unit 100

Market Summary

Price                                              $156,000

Down Payment                           $156,000 (100%)

Net Operating Income              $14,037

Gross Square Feet                      2,700

Rentable Square Feet                2,700

Price/Square Foot                      $57.78

CAP Rate                                       9.00%

Parcel Size                                    2.42 Acres

Year Built                                     1997

 

Major Tenants:

True Woods

Tenant: True Woods Cabinetry

True Woods Cabinetry is a kitchen and bath design shop that specializes in the design and installation of superior quality cabinetry. 

Under Contract

Single-Tenant Industrial Condo, Unit 108

Market Summary

Price                                              $150,000

Down Payment                           $150,000 (100%)

Gross Square Feet                      2,700

Rentable Square Feet               2,700

Price/Square Foot                      $55.56

CAP Rate                                       -4.12%

Parcel Size                                    2.42 Acres

Year Built                                     1997

 

Major Tenants:

Vacant

Single-Tenant Industrial Condo, Unit 116

Tenant: Dave's Auto Repair

Dave's Auto Repair offers many services and vehicle work. 

Market Summary

Price                                              $143,400

Down Payment                           $143,400 (100%)

Net Operating Income              $12,903

Gross Square Feet                      2,700

Rentable Square Feet                2,700

Price/Square Foot                      $53.11

CAP Rate                                       9.00%

Parcel Size                                    2.42 Acres

Year Built                                     1997

 

Major Tenants:

Daves Auto

Single-Tenant Industrial Condo, Unit 124

Tenant: On-Point Installations

On-Point Installations offers premiere non-union furniture installation, reconfiguration and relocation services throughout Chicago. 

Market Summary

Price                                              $112,820

Down Payment                           $112,820 (100%)

Net Operating Income              $10,153

Gross Square Feet                      2,700

Rentable Square Feet                2,700

Price/Square Foot                      $41.79

CAP Rate                                       9.00%

Parcel Size                                    2.42 Acres

Year Built                                     1997

 

Major Tenants:

On-Point

Single-Tenant Industrial Condo, Unit 132

Tenant: On-Point Installations

On-Point Installations offers premiere non-union furniture installation, reconfiguration and relocation services throughout Chicago. 

Market Summary

Price                                              $115,350

Down Payment                           $115,350 (100%)

Net Operating Income              $10,381

Gross Square Feet                      2,700

Rentable Square Feet                2,700

Price/Square Foot                      $42.72

CAP Rate                                       9.00%

Parcel Size                                    2.42 Acres

Year Built                                     1997

 

Major Tenants:

On-Point

Single-Tenant Industrial Condo, Unit 140 & 190

Market Summary

Price                                              $238,075

Down Payment                           $238,075 (100%)

Net Operating Income              $21,424

Gross Square Feet                      5,700

Rentable Square Feet                5,700

Price/Square Foot                      $41.77

CAP Rate                                       9.00%

Parcel Size                                    2.42 Acres

Year Built                                     1997

 

Major Tenants:

Unique Service

Single-Tenant Industrial Condo, Unit 150

Tenant: Falcon Technologies, Inc.

Falcon Technologies, Inc. specializes in design and fabrication of metal and plastic components, project emergencies, critical path items, prototyping, short and long production runs, fast delivery, competitive pricing and superb quality.

Market Summary

Price                                              $200,140

Down Payment                           $200,140 (100%)

Net Operating Income              $18,140

Gross Square Feet                      2,900

Rentable Square Feet                2,900

Price/Square Foot                      $69.01

CAP Rate                                       9.00%

Parcel Size                                    2.42 Acres

Year Built                                     1997

 

Major Tenants:

Falcon Tech

Single-Tenant Industrial Condo, Unit 158

Tenant: Eureka Design

Eureka Design has over 13 years experience of specializing in game development and design.

Market Summary

Price                                              $159,100

Down Payment                           $159,100 (100%)

Net Operating Income              $14,318

Gross Square Feet                      3,000

Rentable Square Feet                3,000

Price/Square Foot                      $53.03

CAP Rate                                       9.00%

Parcel Size                                    2.42 Acres

Year Built                                     1997

 

Major Tenants:

Eureka Design

Single-Tenant Industrial Condo, Unit 182

Tenant: E-Fab Motors

E-Fab Motorsports is an automotive performance company that specializes in VW / Audi / Porshe / BMW and APR tuning related upgrades and parts sales.

Market Summary

Price                                              $173,600

Down Payment                           $173,600 (100%)

Net Operating Income              $15,620

Gross Square Feet                      3,000

Rentable Square Feet                3,000

Price/Square Foot                      $57.87

CAP Rate                                       9.00%

Parcel Size                                    2.42 Acres

Year Built                                     1997

 

Major Tenants:

E-Fab Motors