Chicago Industrial Property For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant Chicago industrial property located in Schaumburg, Illinois, an affluent village in the Chicago MSA. The building is leased on a single tenant basis to PC Connection, a Fortune 1000 National Technology Solutions Provider publically traded on the NASDAQ (Symbol: CNXN).  The property is located just off of a heavily trafficked signalized intersection near several large corporate campuses. PC Connection recently executed a five year lease. The lease features annual rental escalations of approximately 3% and one three-year renewal option period. PC Connection is a leading National Technology Solutions Provider, connecting people with technology that enhances growth, elevates productivity, and empowers innovation.

The 26,121 square foot Chicago Industrial property is located off of the signalized intersection of East Golf Road and North Plum, Grove Road. This heavily traffic signalized intersection experiences traffic volumes in excess of 59,000 vehicles per day. Further contributing the strength of the property is its proximity to Interstate-290 which is located approximately one and one-half mile east of the property. Interstate-290 experiences traffic counts in excess of 192,000 vehicles per day. The surrounding area is affluent with over 90,000 people living within a three mile radius of the property earning average annual household incomes in excess of $90,000.

The property is benefited by its location within a strong regional trade area that features a number of corporations and retailers such as IKEA, Bed Bath & Beyond, Best Buy, Costco, and the Woodfield Mall. The Woodfield Mall is 2.1 million square feet and attracts over 27 million visitors annually. The mall is anchored by Apple, Nordstrom, Lord & Taylor, and Macy’s. A number of corporate campus’ are in the immediate area such as Motorola, which employees over 3,500 people. Zurich Insurance Group recently relocated their North American Headquarters to a 40-acre site that is located approximately one and one-half miles north of the property. Additionally, the property is located in the immediate proximity to several large hotels including Hyatt, DoubleTree, the Renaissance Convention Center, Embassy Suites and Hyatt Regency to name a few.

PC Connection’s Midwest office headquarters is located one-half mile east from the property.  The subject property is PC Connection’s Midwest warehouse and repair/assembly space outfitted with the necessary high-end technology needed for operation.  The warehouse offers 11,621 SF with two interior docks.  The repair/assembly area offers 14,500 SF and includes office, open operation areas, a reception area, two conference rooms, three bathrooms and a kitchenette.

The Chicago industrial property is eligible for “Class 6B” real estate tax status.  The Class 6B classification is designed to encourage industrial development throughout Cook County by offering a real estate tax incentive. Properties receiving Class 6B will be assessed at 10% of market value for the first 10 years, 15% in the 11th year and 20% in the 12th year.

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