Fulton Realty Capital guided a private investor's purchase of a two-building flex-industrial facility outside of Chicago, Illinois. The multi-tenant asset was sourced by Fulton's commercial real estate team, who also successfully negotiated seller-provided, 5-year fixed-rate financing.
The 42,000 SF property features versatile layouts with roll-up doors and direct access to each of the 16 units. Located in a prime in-fill location along a retail corridor, tenants and customers can easily access the buildings via major interstates.
Priced below replacement cost and 100% physically occupied at the time of closing, the property has significant upside potential through increased rental rates and supplemental service offerings. Fulton will utilize its historical knowledge of the Chicagoland areas to optimize returns.
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