324 Errett Rd — Sale in Rochelle, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Rochelle, IL 61068
  • Year built: 1989

Photos

324 Errett Rd — Sale in Rochelle, IL, photo 1 of 3
324 Errett Rd — Sale in Rochelle, IL, photo 2 of 3
324 Errett Rd — Sale in Rochelle, IL, photo 3 of 3

Investment Figures

Cap rate
8.95%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap, as exclusive advisor, is pleased to offer for sale a four-building industrial portfolio located at 324 Errett Rd, 100 E. Quarry Rd, 111 5th Ave & 500 N Caron Rd. in Rochelle, IL. This portfolio consists of four buildings on four parcels totaling approximately 252,638 square feet and sits on approximately 49.49 acres. 324 Errett is listed for $4,880,000, 100 E Quarry is listed for $2,365,00 and 111 5th/500 N Caron is listed for $2,455,000 for a total offering price of $9,700,000. Investment Highlights: • This Industrial Park Provides an Investor an Attractive Day One Yield, while also Providing Additional Upside through Lease Up as well as Potential Development Opportunities • 324 Errett Rd is 100 Percent Occupied by Del Monte on a Short Term Lease • 500 N Caron Rd is Approximately 15.87 Acres of Vacant Land, Primed for New Industrial Development Potential • 100 E Quarry Rd is 100 Percent Occupied by Hickory Grove Alloys on a Long-Term Lease

Market Context

This industrial in Rochelle, IL is listed for sale. It is offered at an approximate 8.9% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1989. Compare it against other industrial listings for sale in Rochelle, IL — view the full market.

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