5211-5213 Otto Avenue — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Chicago, IL 60656
  • Year built: 1965

Investment Figures

Cap rate
7.50%

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 is pleased to present to quali?ed investors the opportunity to acquire, via long-term sale leaseback, Gates Washer’s sole manufacturing facility. Fully occupied by Gates Washer, the offering consists of approximately 32,400 square feet situated across approximately 1.01 acres in Chicago, Illinois. The Offering will be subject to a long-term, 15-year absolute net lease structure with a year-one triple-net rent of $247,860 and 2.50 percent annual escalations. Investment Highlights: • Long Term Absolute Net Sale Leaseback with 2.5 Percent Annual Escalations • Headquarters and Sole Manufacturing Facility • Favorable Market Fundamentals | O'Hare Submarket • Ten Year Average Cash-on-Cash of 8.94 Percent

Market Context

This industrial in Chicago, IL is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1965. It has been on the market for 100 days. Compare it against other industrial listings for sale in Chicago, IL — view the full market.

As of Q1 2026, the Chicago industrial market showed rents up 4.3% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Contact

Explore this market

Similar Industrial Property for Sale in Chicago, IL