Price $6,118,519 | Built/Renov 1950 | Tenant 3D Baking |
Cap Rate 6.75% | Lease Type
Abs NNN | Guarantor Corporate |
Size/SF
23,442
| Lease Start
01-01-2023
| #Units
2
|
Price/SF $261.01 | Expiration
12-31-2034
| Tenant Type Industrial |
NOI $413,000 | R. Term 11.0 | Ownership Fee Simple |
Rent/SF
$17.62
| Increases 12.0%/5/yrs | Pop 5Mi 95,636 |
Lot/AC 1.16 | Options 1/5yrs/12% | AHHI 5Mi $324,617 |
| |
This 23,442 square foot 3D Baking is situated on a 1.16 acre parcel along West George Street. The site benefits from its position with immediate access to Interstate 90/Interstate 94, which experiences 300,000 vehicles per day and leads directly to downtown Chicago. The subject property is located blocks from Riverpoint Plaza and Riverpoint Center, two of the area’s primary retail corridors...
...Build to suit
In location for years
Strategically located
Freeway visibility
Top 100 MSA
Strong demographics
Brand new lease
Long operation history
Absolute NNN
Corporate Guarantee
3D Baking is a privately owned company and baking/processing facility. Its leadership has extensive experience, helping forge and setting up operations for nearly 80 bakeries nationally. 3D Baking...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 52,117 | 607,925 | 1,292,854 |
2023 Total Population : | 52,165 | 612,450 | 1,291,336 |
2023 Employed Civilian Pop : | 34,731 | 392,449 | 763,917 |
2023 Total Businesses : | 1,599 | 17,835 | 52,126 |
2023 Average Household Income : | $ 146,295 | $ 142,442 | $ 131,084 |
2023 Total Consumer Spending : | $ 2979 M | $ 34061 M | $ 66135 M |
2023 Median Age : | 34 | 34 | 35 |
2023 Total Households : | 23,818 | 279,298 | 588,153 |
2023 Pop Age 25+: Bachelor's Degree : | 14,984 | 167,049 | 309,503 |
2023 Average Home Value : | $ 560,831 | $ 561,331 | $ 507,938 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
I- 90 | N California Ave | 2009 | 299,900 | 0.10 mi |
W Diversey Ave | I- 90 | 2006 | 17,300 | 0.10 mi |
West Diversey Avenue | I- 94 | 2018 | 16,000 | 0.10 mi |
West Diversey Avenue | W Diversey Pkwy | 2018 | 16,700 | 0.11 mi |
North California Avenue | W George St | 2018 | 12,500 | 0.12 mi |
Kennedy Expressway | N Avondale Ave | 2019 | 110,700 | 0.13 mi |
N California Ave | W Diversey Ave | 2006 | 10,600 | 0.14 mi |
Alley | N Mozart St | 2002 | 10,400 | 0.15 mi |
W Diversey Ave | 2018 | 8,300 | 0.15 mi | |
I- 94 | W Diversey Ave | 2002 | 6,900 | 0.15 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]