In its first acquisition of 2019, Clear Height Properties has acquired a two-building property located at 130-150 E. St. Charles Road in Carol Stream, Illinois. The purchase price of the value-add investment opportunity acquired at auction from RealInsight Marketplace was not disclosed.
The two buildings at 130-150 E. St. Charles Road are comprised of a total of 64,285 square feet of space. Combined, the buildings are approximately 22 percent leased, with available spaces ranging from 2,500 to 14,756 square feet. Kelly Disser and Michael Freita of NAI Hiffman will serve as the leasing agents for the property.
Building 130 features 28,442 square feet of space, one exterior dock and two drive-in doors. Building 150 offers 35,843 square feet, two exterior docks and three drive-in doors. The buildings, which sit on 3.82 acres, were built in 1987 and renovated in 2005. The combined property has 157 surface parking spaces.
“This property is well-located in the prime Carol Stream/DuPage County industrial market and represents a prime value add investment opportunity for Clear Height,” said Gary Rose, managing director, asset management and acquisitions, Clear Height Properties. “We’ll invest in some minor capital improvements to the property and aggressively market the space to small to mid-size users in DuPage County that are looking for a central location with easy access to I-290.”