"The O'Hare industrial corridor is a key location for the new owners, who plan to use the building to run their snow removal business," Edmiston says. "The property meets their needs with ample room for equipment storage and office space and is located near main thoroughfares to allow easy access to roads during the snow season. When a need for a property is coupled with hard work and experience, we can complete the sale."
The property is located in the O'Hare submarket, where occupancy rates are around 88%, according to Grubb & Ellis' mid-year industrial market report. Asking lease rates in the O'Hare submarket are around $6 per square foot, according to Grubb's research.
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