Brown Commercial Arranges $3.1M Industrial Sale
CAROL STREAM, ILL. — As noted in France Media, Brown Commercial Group has arranged a 42,525-square-foot industrial sale in the Chicago suburb of Carol Stream for $3.1 million. The fully leased, flex property is located at 135 E. St. Charles Road. Matt Hanson of Brown represented the buyer and seller, both of which were private investors.
“This industrial sale transaction shows the continued strength of the DuPage County industrial market, which provides many locational and tax advantages for Chicago area investors and businesses,” said Hanson. “There is a limited amount of smaller industrial space on the market and we were able to leverage our market contacts to bring this deal to completion.”
The property is located in the DuPage County industrial market, one of the top industrial markets in the Chicago region. The submarket offers low tax structure, concentration of industrial parks and location near major transportation routes. The submarket has a 4% vacancy rate and recorded a 5.9% rent growth rate over the past quarter, with logistics properties reaching 7.1%, according to CoStar.
