Industrial & Logistics

Innophos Chicago Industrial Opportunity

700 State St Chicago Heights, Illinois United States 60411-2224
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area
Land Area ()

Property Description

JLL is pleased to offer for sale the fee simple interest in a mission-critical industrial asset located at 700 State Street in Chicago Heights, Illinois (the “Property”). Featuring over 17-years of remaining absolute triple net lease term, the Property is 100% leased to Innophos, Inc. (“Innophos”, “Company”, or “Tenant”), the industry-leading manufacturer of specialty phosphates and ingredients. Strategically positioned next to a key Innophos manufacturing facility, the Property provides distribution, warehousing, lab space, and quality assurance for finished goods.

Situated within the largest industrial market in the United States, the Property enjoys convenient access to key regional infrastructure including Class I rail, the CN Chicago Intermodal Terminal, and Interstates, 57, 94/294, and 80. Moreover, the Property’s submarket (Far South Cook) has sound fundamentals, having experienced 4.7% average annual rent growth and 5.3% vacancy rate over the last three years.

Interested investors have the exciting opportunity to capitalize on an attractive combination of mission-critical industrial product, long-term absolute NNN lease structure, industry-leading tenancy, and enhanced residual value appreciation due to the Property’s highly connected Chicagoland location.

Investment Highlights

  • Chicago is the largest US industrial market with a record low 4.9% vacancy
  • Far South Cook submarket recorded 4.7% annual rent growth over past 3-years
  • Industry-leading tenancy with premier private equity sponsorship
  • Mission-critical asset with rare combination of warehouse, distribution, and lab space
  • Highly connected Chicago-land location with close proximity to major Midwestern infrastructure
  • Ultra long-term absolute triple net lease
Last Updated Date: 15 Sep 2021
Jason DeWitt
Jason DeWitt
Managing Director, Capital Markets
License details
IL - 475183124 VA - 0225225742
Brian Shanfeld
Brian Shanfeld
Senior Managing Director, Capital Markets
License details
IL-475.158824

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+35316526587
Last Updated Date: 15 Sep 2021

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.