NelsonHill has completed a 24,300-square-foot sale located at 1735 W. Carroll in Chicago.
A local investor, 1735 W. Carroll LLC, has purchased the net-leased building in Chicago’s Kinzie Corridor. The current tenant in the industrial warehouse building is US Adhesives, which occupies 100 percent of the facility. Located within an enterprise and empowerment zone with SBIF eligibility, the property benefits from close proximity to the major expressways of I-90/94 and I-290 as well as downtown Chicago.
“The acquisition represented a 13 percent cap rate for the buyer and offers excellent future re-development potential,” said Michael Nelson of NelsonHill.
Mark Nelson and Michael Nelson of NelsonHill represented the property seller, HTTM Company, in the transaction and the buyer was not represented.