PW Commercial Real Estate/TCN Worldwide is pleased to announce Ed Wabick SIOR, and Marc Hale represented the Seller in the disposition of a 61,000 SF Industrial building on 2.77 acres located less than half a mile away from Midway Airport at 5262 S. Kolmar Avenue in Chicago, Illinois.
The property features a large land site in the Chicago city limits, a scarce commodity while offering ample loading with 5 docks, heavy power, good ceiling heights of up to 19’6”, and excellent access to I-55 and Downtown Chicago.
The purchaser, a local Servpro franchise will be performing improvements and renovations before utilizing the facility as a hub for their operations.
“This property offered the purchaser the rare opportunity to pair a functional warehouse building with a large land site allowing for outdoor storage of vehicles and materials. This property type is becoming increasingly difficult to find due to the demand for parking and vehicle storage along I-55” said Marc Hale, Vice President at PW Commercial Real Estate.
About PW Commercial Real Estate – TCN Worldwide
PW Commercial Real Estate TCN Worldwide is a corporate real estate firm headquartered in Chicago. Since 1975, PW brokers have specialized in the leasing and disposition of office and industrial properties. The firm offers specialists in investments, transactions, consulting, and project management who possess an unrivaled depth of local market knowledge, supported by the latest in technology. For more information, please visit www.painewetzel.com.