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May 31, 2016 7:17 EST

Xebec Realty Partners, through its affiliate Thorndale XI, LLC, intends to acquire an approximately 73,250 rentable square foot Class B industrial building located at 800-820 Thorndale Avenue in Bensenville, Illinois

iCrowdNewswire - May 31, 2016

Xebec Realty Partners

 

Xebec Realty Partners

 

 

Created in 1996, Xebec is as a private industrial real estate development and investment firm dedicated to the creation of wealth for its community of investors. This vertically integrated real estate firm focuses on the acquisition, development, construction, and management…

 

 

 

 

 

 

 

 

 

 

 

 

 

 

About this Property

 

Xebec Realty Partners, through its affiliate Thorndale XI, LLC, intends to acquire an approximately 73,250 rentable square foot Class B industrial building located at 800-820 Thorndale Avenue in Bensenville, Illinois. Xebec’s strategy includes replacing expiring leases with new leases at market rent. This has the potential for increased cash flow and regular cash distributions for investors.
 
 

Key Points

  • The Property is currently 100% occupied by seven tenants. Of these tenants, two leases are scheduled to expire in 2016 (17.7% rentable SF) and an additional two leases will expire in 2017 (13.5% rentable SF).
  • The Property is strategically located in the prime industrial market of Chicago’s O’Hare International Airport with a total industrial base of approximately 109 million square feet. According to CBRE, O’Hare is one of the most active submarkets within the Chicago market. View page 3 of the PPM for a full list of tenants.
  • Xebec plans to acquire the Property at a total cost of approximately $9,600,000.

 

 

 

 

Contact Information:

Xebec Realty Partners

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