6123-6227 Monroe Court

Logistics | Morton Grove, IL

Multi-tenant logistics facility located in the Northeast Cook County neighborhood of Morton Grove, bordering Chicago’s affluent North Shore and O’Hare International Airport.

Investment Details

Property Type
Logistics
Location(s)
Morton Grove, IL
Square Feet
208,374 sq. ft.

Transaction Details

Acquired
2021
Purchase Price
$18 million
Ownership %
100%

Investment Details

Property Type
Logistics
Location(s)
Morton Grove, IL
Square Feet
208,374 sq. ft.

Transaction Details

Acquired
2021
Purchase Price
$18 million
Ownership %
100%

Multi-tenant logistics facility located in the Northeast Cook County neighborhood of Morton Grove, bordering Chicago’s affluent North Shore and O’Hare International Airport.

Asset Highlights

warehouse
Property includes over 208,000 sq. ft. and ample car and trailer parking and/or room for outside storage - a rare amenity in the submarket.
Projected Profit
Significant renovations were completed in 2017, the property features functional loading space and includes several modern features superior to surrounding facilities.
Keys
The property is fully leased to five tenants, with no tenant accounting for more than 30% of building square footage and no leases expiring in the same year.

Location Highlights

Airplane
Proximity to O’Hare Intl. Airport, the North Shore suburbs, downtown Chicago and major interstates providing access within the greater metro region
Proximity
Located in Northeast Cook County, one of the most stable industrial markets in Chicago, with low levels of vacancy
Barrier to entry
High-barrier-to-entry submarket containing limited developable land and no new construction
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Monroe Court Property Map