The building in the O'Hare submarket is 100% occupied by three tenants who have five to 10 years remaining on their leases, according to Brown and Huber. Those leases also annual rent bumps, they add.
The asset was acquired in 1997 for $7.1 million, according to property records.
In an unrelated deal in the O'Hare submarket, Direct Trucking Inc. recently paid $1.57 million for a 30,020-sf building located at 221 Joey Dr. in Elk Grove Village, which $1.26 million in financing from Plaza Bank. Paine/Wetzel-Oncor International VP Robert J. Morandi represented Pronto Systems in negotiations with Adam Stokes of Nicolson Porter & List Inc.
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