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12% Cap 24% cash on cash annual return

3249 West Harrison Street, Chicago, IL, 60624, USA

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Front View
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FOR SALE FOR LEASE
Property Type:
Industrial
Amount:
$500,000 to $600,000
Cap Rate:
12.00%
Last Verified:
May 26, 2012

Comments/Additional Features

Tenant in place, no need to do anything but collect a check. Current owner occupants willing to lease back for five years at $6,000/month NNN lease. At full price that produces a 24% return on your down payment ($150K down 6.37% on 25 yr loan). Well maintained owner occupied 15,000 square foot building with established businesses. Zoned B-2 allows for many uses. Taxes successfully appealed, motivated seller. Will pay a 2.5% cooperating commission to broker whose client can close this.

Additional URLs

Map of 3249 West Harrison Street, Chicago, IL, 60624, USA

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Office: +(847) 491-1855
Cell: +(773) 677-5340


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