1111 Nicholas Blvd, Elk Grove Village, IL 60007· In stock
Price $4650000 (USD)
Type New
Investment Overview Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1111 Nicholas Boulevard in Elk Grove Village, Illinois leased to Orsini Specialty Pharmacy. The subject property consists of approximately 45,880 square feet of space and is situated on 2.85 acres of land. The asset features 24,293 square feet of office space, 28’ clear height warehouse space, and a separate one-acre parcel with an additional 117 parking spaces. A leading national specialty pharmacy in the U.S., the subject property is national headquarters for Orsini Specialty Pharmacy who has performed strongly throughout COVID-19. With 5.5 years remaining on a 7.5-year, triple-net lease, this offers a hands-off investment opportunity with a tenant who has been at the location for 12 years. The subject property is ideally located with immediate Access to I-90 and O’Hare International Airport, allowing Orsini to ship across the country.
Address: 1111 Nicholas Blvd, Elk Grove Village, IL 60007 Property Type: Single Tenant Price: $4,650,000 Cap Rate: 6.76% cap NOI: $314,342 Square Feet: 45,880 sqft Lot Size: 2.85 acres Price Per Square Foot: $101.35 Year Built: 1967/1985
1815 SOUTH SAM RAYBURN FREEWAY, SHERMAN, TX 75090· In stock
Price $2850000 (USD)
Type New
Investment Highlights
• 334,272-Square-Foot Multi Tenant Warehouse Situated on 12.69 Acres • Features Two Dock-High Doors, Six Grade-Level Doors, and 16’-25’ Clear Height • 10% Occupied with a Market Vacancy Rate of 2.10% Creates investment Opportunity • Strategically Located Industrial Warehouse with Proximate Access to Major Freeways • Zoned Heavy Industrial: Rare Zoning in Sherman, Texas
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1815 South Sam Rayburn Freeway in Sherman, Texas. The subject property consists of approximately 334,272 square feet of space and is situated on 12.69 acres of land. The asset features two dock-high doors, six grade-level doors, and 16’-25’ clear heights. A rare zoning in Sherman, Texas, the subject property is zoned Heavy Industrial. Ten percent property occupancy combined with a market vacancy rate of 2.10 percent creates investment opportunity for a buyer. This strategically located industrial warehouse has proximate access to major freeways.
Industrial rents in the Sherman-Denison Market were rising at a 0.8 percent annual rate during Q3 2020, and have posted an average annual gain of 4 percent over the past three years. There is 88,000 square feet currently underway, representing the largest under construction pipeline in over three years. Over the past three years, 33,000 square feet has delivered, or a cumulative inventory expansion of 1.2 percent. Vacancies in the metro were significantly below the 10-year average as of 2020 Q3, but trended slightly upwards over the past four quarters. Prior to the major economic interruption that resulted from the coronavirus, employment numbers were positive, but not outsized. At the end of last year, employment was growing at a 0.7 percent annual rate. In total, industrial employment makes up about 8,500 of the metro’s 49,000 jobs. (CoStar)
The Dallas/Fort Worth metroplex is the fourth-most populous metro in the nation with an aggregate of more than 7.1 million residents. It is composed of 13 counties stretching nearly 10,000 square miles. The city of Dallas houses 1.3 million people, followed by Fort Worth with 800,000 residents. Strong job growth continually draws new residents to the region. To accommodate the additional traffic, the region’s transportation network is evolving. Traffic flow is improved as freeways are expanded and miles are being added to tollways and turnpikes. The growth of the transportation network is vital to supporting commuters to the metros numerous corporations and growing industries. Dallas/Fort Worth’s population growth in recent years ranks among the highest in the U.S. for a major metro. The Metroplex is home to 21 Fortune 500 companies and many regional headquarters, drawing workers and residents. The area’s extensive network of rail and highways, along with the International Inland Port of Dallas, ensure its status as a distribution hub.
5001 Spring Valley Road #100W Dallas, TX 75244 75244· In stock
Price $0.01 (USD)
Type New
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 12008 East Highway 158 in Gardendale, Texas. The subject property consists of approximately 5,700 square feet of space and is situated on 1.07 acres of land. The asset features metal construction, four grade-level doors, and four half-size doors. The fully fenced lot is equipped with an electric gate for property access. This vacant sale is ideal for an owner-user or investor as a lease-up opportunity. The outside-storage lease provides additional property income with an option to terminate. The subject property has frontage along Highway 158 for easy access to Midland and Odessa.
Located in 5001 Spring Valley Road #100W Dallas, TX 75244
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