2404 SPRING RIDGE DR Spring Grove, IL 60081

The property is well located, just one block from Rt 12, and situated in an Industrial park with close proximity to a retail corridor. The asset has a combined total of 31,500 rentable square footage and should be able to achieve higher rents than the rest compared to the market. Many of the tenants have occupied space at the property for nearly 10 years, and all are operating under gross leases. The current industrial sub-market in the immediate area within one mile of the property has shown strength and consistency over the past number of years. Since 2012, vacancy rates for industrial space have consistently been under 6%. Currently, the vacancy rate is 1.2%. The limited amount of available space in this should bode well for new ownership to seamlessly backfill the remaining vacant space to substantially increase cash flow in the short term.