Industrial Outdoor Ventures has acquired a 10,200-square-foot equipment and maintenance shop at 2131 Maxim Drive in Rockdale, Ill. from Byzantio, LLC for an undisclosed sale price.
Currently the property is leased by long-term tenant NPL Construction. The property sits on 4.3 acres just one mile from the full four way interchange of Larkin Road and I-80, according to a statement from IOV.
The property’s large storage yard, generic shop and office area, and proximity to major transportation infrastructure makes the property appealing to construction and transportation users, IOV said.
“The property is located in the heart of a high velocity submarket and serves a mission critical role for its tenant,” IOV CEO Tom Barbera said in a statement. “This is exactly the type of investment we are seeking across the U.S.”
