Brown Commercial negotiates 42K SF investment transaction

May 14, 2024 — Brown Commercial Group negotiated an off market industrial investment transaction totaling 42,525 square feet, bringing the seller and buyer together in a $3.1 million deal.

Broker Matt Hanson represented the seller and buyer, who are both private investors. “This industrial investment 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 DuPage County industrial market is one of the top industrial markets in the Chicago area, due to its 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.

The industrial/flex property is fully leased and located at 135 E. St. Charles Road in Carol Stream, Illinois.

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