$12,680,000
8.1% cap · 46,370 sq ft RBA · Class C
8310 W Fullerton Ave
Chicago, IL 60622
Listed 4 months ago$273/sq ft
01 / 05
For SaleIndustrial
$16,750,000
8562 W Randolph St
Lincoln Park · Chicago, IL 60622
$142/sq ft81 days on market2.5K views136 saves
Key facts
- Interior
- 117,950 sq ft
- Lot
- 9.37 acres
- Year built
- 1949
- Property type
- Industrial
- Price / sq ft
- $142/sq ft
- Annual taxes
- $331,650
- Days on market
- 81
Getting around
Walk Score93
Walker's Paradise
Transit Score90
Rider's Paradise
Bike Score87
Very Bikeable
About this property
5 tenants, 117,950 rentable square feet, and a Absolute Net structure that keeps the operating burden where it belongs. Zoning and the cold storage leave the door open for a future repositioning. Full offering memorandum and T-12 available under NDA.
Investment summary
Investment summary
Cap rate
6.40%
Net operating income ÷ price
Net operating income
$1,072,000
Annual, after operating expenses
Cash-on-cash
+2.0%
$99,887 annual cash flow on $5,025,000 equity
Occupancy74%
87,283 sq ft leased of 117,950 sq ft
- Tenants
- 5
- Rentable area
- 117,950 sq ft
- Price / sq ft
- $142/sq ft
- WALE
- 5.7 yrs
- Lease type
- Absolute Net
- Building class
- Class B
- Zoning
- I-2
- Parking
- 100 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $972,113 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Fenced Yard Storage
Building & Community
- Cold Storage
Highlights
- Highway Frontage
- Grade-Level Doors
- Below-Market Rents
- Build-to-Suit Ready
- Value-Add Upside
- 24/7 Card Access
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2018-01-16 | Sold | $12,485,000 |
| 2026-05-05 | Listed | $16,750,000 |
Location
Lincoln Park, Chicago — Cook County
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Approximate location · Lincoln Park
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Estimated monthly
$116,341/mo
- Principal & interest72%$83,818
- Property tax24%$27,638
- Home insurance4%$4,885
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $13,400,000 · 30 yr · 6.40%
