NORTHBROOK, Ill., September 21, 2021 / PRNewswire / – Hilco Real Estate, LLC announces the sale of a well-located manufacturing facility at 1111 Wheeling Road in. known Wheeling, Illinois. The property has 117,700 square feet of versatile storage space and 11,640 square feet of office space. The offer period is planned for October 29th.
This property consists of an industrial production facility with a single tenant with a total area of ââapprox Wheeling, Ill. The facility was built in 1968 with additions in 1971 and 1975 and has a total of six dock doors, including three closed loading ramps, two external loading ramps and a drive-in door with a total clearance of 6 meters. Electricity and sprinklers are available throughout the facility. A traditional mix of front office areas with production and storage areas is included in the building. The facility also has additional office / storage space on the mezzanine.
The city of roll has an estimated population of approximately 40,000, with a diverse and dynamic economy, according to Data United States of America. Located in the heart of Chicago’s prestigious northern suburbs, roll is characterized by its unique balance of industrial, commercial / retail development, hospitality and residential neighborhoods on nearly 3.5 square miles of land with over 800 companies. With a reputation as a strong industrial hub in the Chicagoland region, the city is home to nearly 14 million square feet of manufacturing facilities and is the fifth largest concentration of employment in the manufacturing industry in Illinois. Some local manufacturers are Hidden Valley Manufacturing, Reynolds Consumer Products, Penray, Creation Technologies, SG360 Â°, Handi-Foil, Valspar, Wieland Metals, Argon Medical Devices, Durable Packaging, Richelieu Foods, Keats Manufacturing and Tool King Inc. move or expand operations in roll while you take advantage of it Cook Counties 6B tax incentives for local industrial development. In addition, the city has the locally famous “Restaurant Row”, an area with numerous restaurants along the busy Milwaukee Avenue, including Cooper’s Hawk, Bob Chinns, Boston Fish Market, Superdawg, Benihana, Buca di Beppo, Saranello’s, and others all of which are roughly generating $ 90 million of the revenues contribute to the economy of the city and the state.
This sale represents an exceptional opportunity for a user or investor to acquire usable industrial square feet and office space in a very competitive and strategic industrial location in Chicagoland near the highways, O’Hare International Airport and Chicago Executive Airport.
Steve Madura, Senior Vice President at Hilco Real Estate, said, “With vacancy rates in the industry around 4% and rental growth over 6% this year, this is a rare opportunity for an investor to acquire a desirable building in an area where the market is currently in demand for industrial products is almost insatiable or an end user finds a ready-to-move building for their expanding business. Based on the building’s dock layout, a smaller user could even occupy half of the building and the remaining space to another company rent to subsidize their purchase – a win-win situation. “
Mr. Madura continued, âThe headline here is the location. This facility is located in a business-friendly community that offers near-instant access to Chicagoland’s network of highways, airports, and free shops. We assume that the market interest in this sale is very strong. “
The offer period for this sale is Friday October 29th at 5.00 On-site inspections will take place on Thursday September 30th and Tuesday October 19th. Offers can be submitted by post to the following address: Hilco Real Estate, 5 Revere Drive, Suite 410, Northbrook, IL 60062, or by email to [emailÂ protected]. For more information on the sales process or to make an on-site appointment, please contact Chet Evans at (847) 418-2702 or [emailÂ protected] or Steve Madura at (847) 504-2478 or [emailÂ protected].
For more information on the properties, an explanation of the sales process, or access to property due diligence documents, please visit HilcoRealEstate.com or call (855) 755-2300.
About Hilco Real Estate
Hilco Real Estate (“HRE”), a Hilco Global company (HilcoGlobal.com), is headquartered in Northbrook, Illinois (UNITED STATES OF AMERICA). HRE is a national provider of strategic real estate disposition services. As an agent or client, HRE uses its experience to advise and implement strategies to help clients get the maximum value from their real estate assets. Using a variety of sales strategies and techniques, aggressive repositioning and restructuring experience, an extensive and motivated network of buyers and sellers, and extensive access to capital, HRE exceeds expectations for even the most complex transactions.
SOURCE Hilco Real Estate