Marcus & Millichap is pleased to present the opportunity to acquire the property located at 900 Country Creek Drive in New Lenox, Illinois, leased to USG Water Solutions. The subject property consists of approximately 6,750 square feet of warehouse space and is situated on 3.92 acres of land. The single-tenant asset features brick and metal construction, a clear height of 15’, three grade-level doors, a two-story office space, and three-phase heavy power with 440 amps. The fully gated gravel lot encompasses approximately 2.75 acres of industrial outdoor storage space. Zoned I-1, the property permits a variety of light industrial and outdoor storage uses. Located southeast of Joliet, Illinois, the property sits about two miles from the interchange between Interstate 80 and U.S. Route 30. The property is leased through May 2028 on a triple-net term at $26.53 per square foot with a 3.25 percent rent escalation scheduled for June 2026. With over 60 years of experience, USG Water Solutions (a subsidiary of Turnspire Capital Partners LLC) is the leading national provider of maintenance solutions for public and private water storage facilities.
The subject property is situated within the massive Joliet Area submarket, containing 114.6 million square feet of industrial space. Last year, net absorption contracted for the first time on record, and in the 12 months through Q2 2025, demand receded further, with about -984,000 square feet being vacated on net. Combined with 1.5 million square feet of net deliveries during this time, the vacancy rate in the Joliet Area increased by 200 basis points to 10.4 percent at the midway point of 2025. Due to the increase in availability and overall economic environment, annual rent growth decelerated from 5.5 percent in Q2 2024 to 4.6 percent in Q2 2025. However, local rent growth sat 220 basis points above the national average, pushing the average market rent to about $8.20 per square foot. With 2.5 million square feet of industrial space under construction in the Joliet Area, representing 2.2 percent of the inventory, vacancies and rents will largely be dictated by demand for the foreseeable future (CoStar).
Known as the Greater Chicagoland area, Chicago-Naperville-Elgin is the third-largest metro in the nation. The metro houses 9.3 million people, including 2.7 million residents within the city of Chicago. The number of corporate headquarters in Chicago is second only to New York City and is home to 30 Fortune 500 companies. Thanks to eight commercial and passenger rail lines, the Port of Chicago, three international airports, and a vast network of freeways, Chicago is a major distribution and logistics hub. The local economy and workforce are highly diverse, supported largely by distribution, finance, manufacturing, and high-tech industries. As a multicultural city that thrives on the harmony and diversity of its neighborhoods, Chicago boasts 100 neighborhoods, 77 community areas, 50 wards, and eight major league sports teams, including two MLB teams. Chicago is a leader in reforming public schools, enhancing public safety and security initiatives, providing affordable housing in attractive and economically sound communities, ensuring accessibility for all, and fostering, social, economic, and environmental sustainability (Chicago.gov).
BROKER OF RECORD
STEVEN WEINSTOCK
Illinois Broker of Record
One Mid America Plaza, Suite 200
Oakbrook Terrace, IL 60181
Office (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
License: 471.011175
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0370264)
