Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1011 Trakk Lane in Woodstock, Illinois. The subject property consists of approximately 14,000 square feet of warehouse space and is situated on 0.9 acres of land. The single-tenant asset features metal construction, a clear height of 18’, two dock-high doors via a truck well, two grade-level doors, three-phase heavy power with 480 volts and 400 amps, and 13 parking spaces. Installed in 2021, the property is also equipped with 287 SunPower SPR-X22-360-COM solar panels designed to significantly reduce energy costs. Located just off U.S. Route 14, the property sits 65 miles northwest of Downtown Chicago and 75 miles southwest of Downtown Milwaukee. Effective February 2025, the property will be available for owner use or as a lease-up investment opportunity.
The subject property is located within McHenry County, a relatively large submarket containing 35.8 million square feet of industrial space. In Q3 2024, vacancies ticked up 20 basis points to 2.4 percent but remain well below the 6.7 percent national vacancy rate. Despite the lack of availability in McHenry County, annual rent growth continued to decelerate in Q3, slipping 150 basis points to 4.2 percent. With average asking rents being pushed to about $9.30 per square foot, rent growth is still higher than the annual increase of the Consumer Price Index (CPI). Going into the last quarter of the year, only 24,200 square feet of industrial space were under construction, representing a small fraction of McHenry County’s inventory. Given supply levels, rent growth and vacancies will largely be determined 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 9.5 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 33 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
Tel: (630) 570-2200
Steven.Weinstock@MarcusMillichap.com
License: IL 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. © 2024 Marcus & Millichap. All rights reserved. (Activity ID: ZAF0370652)
