SVN Chicago Commercial closed the sale of a 12,190-square-foot industrial property at 400 W Belden in Addison, Illinois, a high-demand Chicago O’Hare area market.
The multi-unit industrial building with long-term tenants boasts an attractive CAP rate exceeding 8.0%. The asset transacted for an undisclosed price.
Strategically located in the Chicago O’Hare industrial submarket, the building’s prime location, consistent demand, and stable tenancy made it a highly desirable investment. The property’s multi-unit configuration provides flexibility and appeal to diverse tenants further enhancing its value and marketability.
With industrial real estate demand at an all-time high, particularly in major logistics hubs like Chicago, this sale highlights the continued appetite for well-positioned assets in thriving markets. The property’s location near O’Hare International Airport ensures ongoing demand from tenants requiring efficient access to transportation and logistics networks.
