Cawley In The News

New to Market - 1371 Brummel Ave in Elk Grove Village

Written by Jessica Polito on Feb 15, 2019 11:00:00 AM

Main Photo with Text
Cawley Chicago is pleased to present a new fully leased investment opportunity in the heart of the O'Hare Industrial  Submarket at 1371 Brummel Avenue, represented by brokers Andrew Maletich, Joshua Hearne, SIOR, and Matt Garland.

Ideally located in Elk Grove Village, this listing offers a national tenant who has operated in this building for 7 years. 1371 Brummel is within close proximity to two Metra stations and O'Hare International Airport. This property features an 11,875 SF warehouse with 3,200 SF of office space, and parking with 20 surface spaces.

O'Hare Submarket Overview

The massive O’Hare submarket, with a current vacancy rate of only 3%, is located to the west of the airport (north and east of I-290, and south of I-90),and runs north into Des Plaines (to the west of I-294). The building stock here is largely 1970s vintage, with 18- to 20-foot clear heights, low parking ratios, and limited dock-loading capacity. Nonetheless, air-freight tenants pay a premium for properties with immediate access to the airport. The modern high-ceilinged space that does exist within the submarket can be found in the industrial parks to the west of the airport in Elk Grove Village and along the southern edge of the airport property in Bensenville and Franklin Park (just north of the Canadian Pacific Bensenville intermodal yard).

There are still a few vacant parcels available for development, though they’re considerably smaller (approximately 12–13 acres on average) and more expensive than what’s available in other less-developed corners of the market. In addition to durable- and nondurable-goods wholesalers, truckers, air couriers, and logistics firms, several companies here are engaged in HVAC and plumbing construction and repair, food and beverage making, paper products, commercial printing, plastic products, fabricated metals, motors and generators, printed circuit boards, and automotive repair.

Click here to learn more about this listing and other available properties.

Topics: Industrial, industrial real estate, investment, chicagoland, CawleyChicago, O'Hare, CRE, Commercial Real Estate, Elk Grove Village, New Listing, New to Market, O'Hare Industrial Submarket

Written by Jessica Polito

A Blog by Cawley Chicago
Understanding & Creating Value as Chicago's Dominant Submarket Specialist.

 

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