1906 FERRO DRIVE, New Lenox, IL 60451

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Ruben V.

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Building Details:

• Year Built: 2000

1906 FERRO DRIVE is an industrial property for lease in New Lenox, IL.

SOLID 12,600 SF BUILDING ON 1.25 ACRE LOT. CURRENTLY LEASED TO A STRONG TENANT THROUGH 12/2015 W/ ANNUAL RENT INCREASES & CAP RATE OF 8%. CAP RATE GOES TO 8.3% IN JANUARY. TENANT RESPONSIBLE FOR MAINTENANCE & REPAIRS. BUILDING HAS A/C & HEAT IN WAREHOUSE & OFFICE AREA. ALSO HAS 6 RESTROOMS & KITCHEN. HAS 200 AMP, 3 PHASE POWER. 400 WATT METAL HALIDE LIGHT FIXTURES W/ 20 FOOT CEILING HEIGHT. EASY ACCESS TO HIGHWAYS.

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