Vacant Industrial | Boone County 6560 Revlon Dr Industriel/Logistique 887 m² Inoccupé À vendre Belvidere, IL 61008 537 325 € (605,62 €/m²)

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 6560 Revlon Drive, in Belvidere, Illinois. The subject property consists of approximately 9,550 square feet of manufacturing and warehouse space and is situated on 1.22 acres of land. The asset features metal construction, a clear height ranging from 16’ to 18’, two dock-high doors, and two grade-level doors. Situated along a Union Pacific rail line, east of Rockford, Illinois, the property has proximity to Interstates 90 and 39. For sale as vacant, the property can be acquired for a variety of owner uses or as a lease-up investment. At $65.45 per square foot, the property is priced well below replacement costs.
The subject property is located within the mid-sized Boone County submarket, containing 11.1 million square feet of industrial space. The submarket is anchored by the 4.0 million-square-foot Chrysler Assembly Plant. In the 12 months through Q2, net absorption remained positive at about 297,000 square feet. With only 200,000 square feet of industrial space delivered in Boone County during that time, the vacancy rate fell by 90 basis points. At 1.9 percent, the local vacancy rate is significantly below the 7.5 percent national average (based on top 50 metros, classes A, B, & C, minimum 10,000 square feet). Inventory in Boone County is set to expand by 23 percent with 2.6 million square feet under construction, including the 1.2 million-square-foot Walmart cold storage distribution center (CoStar).
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