Tammy Saia Contact Info:
Phone: (630) 570-2226​
Email: tsaia@marcusmillichap.com
Tami Andrew Contact Info:
Phone: (630) 570-2179​
Email: tandrew@marcusmillichap.com
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.
CLOSED
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