May 20, 2022 – Mark Heidecke, Anthony Spangler and Andrew O’Connell of Horvath & Tremblay have successfully completed the sale of a two-tenant industrial building in Crestwood, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,275,000.
The property is located at 4621 W 136th Street in Crestwood, Illinois. The 30,000 square foot building is 100% leased to two tenants, NuComfort Supply and Apparel Redefined. NuComfort Supply signed a 5-year lease for 24,300 square feet at the Property in 2018 and has 1+ years remaining on their primary lease term with one (1) 5-year lease renewal. Apparel Redefined occupies the neighboring building and leases the remaining 4,700 square feet in the building on a month-to-month basis. The Property is situated along 136th Street and is 1,000 feet from the intersection with S Cicero Avenue, the area’s primary commercial corridor. The Property benefits from good visibility and frontage in a high density industrial area that is positioned between S Cicero Avenue and Interstate 294. The property benefits from its strategic location and proximity to the area’s major roadways and interstates (Interstates 294 and 57, IL Routes 83 and 50, and US Route 6) providing convenient access to all of the Chicagoland area. Additionally, the Property is 2.2-miles from the Robbins Metra Station.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.