KUUSAKOSKI RECYCLING 2022 Townline Road - Peoria, IL 61615 - LoopNet
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KUUSAKOSKI RECYCLING
2022 Townline Road
P eo ri a, IL 61615
A CT U A L PR O PE R T Y
KUUSAKOSKI RECYCLING | PEORIA, IL
ON MARKET:
KUUSAKOSKI RECYCLING IN PEORIA, IL
INVESTMENT HIGHLIGHTS
Kuusakoski Recycling Facility in Peoria, IL Competitive Advantage
THE COUNTY SEAT OF PEORIA COUNTY AND THE LARGEST CITY ALONG THE ILLINOIS RIVER KUUSAKOSKI ENJOYS SEVERAL OF THE HIGHEST E-WASTE INDUSTRY CERTIFICATIONS IN
THE MARKETPLACE
Corporate Guaranty | Kuusakoski US, LLC
APPROXIMATELY $675 MILLION IN ANNUAL REVENUE Ideally Located on W Townline Road
DENSE INDUSTRIAL CORRIDOR IN NORTH PEORIA WITH EASY ACCESS TO IL-ROUTE 6 (0.25
More Than Three Years Remaining on a Double-Net (NN) Lease with
MILES FROM SUBJECT ASSET)
Minimal Landlord Responsibilities
Strong Local Demographics
Kuusakoski Recycling is one of the Largest and Most Reputable Recyclers of
Electronics, Glass & Metal in the World 30% POPULATION INCREASE AND AVERAGE HOUSEHOLD INCOMES OF MORE THAN
100+ YEAR OPERATING HISTORY $120,400 WITHIN ONE MILE
Tenant Demonstrates Commitment Capital Commitment to the Area
EXTENDED LEASE IN 2018 MORE THAN $500 MILLION IN ACTIVE DEVELOPMENT PERMITS IN PEORIA, IL (OSF ST.
State of the Art Industrial Property with Large Glass & Metal Crushing FRANCIS MEDICAL CENTER: $237 MILLION DEVELOPMENT)
Capabilities and High-Speed Doors
Mission Critical Facility | The State of Illinois Prohibits the Dumping of
Electronic Items into State Landfills
KUUSAKOSKI PROVIDES A SOLUTION FOR RESIDENTIAL ELECTRONIC WASTE 2012
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
KUUSAKOSKI RECYCLING | PEORIA, IL
FINANCIAL OVERVIEW 2022 TOWNLINE ROAD
PEORIA, IL 61615
PRICE $2,835,000
CAP RATE 8.00%
NOI $226,800
PRICE PER SQUARE FOOT $50.63
RENT PER SQUARE FOOT $4.05
YEAR BUILT 1969/2001
APPROXIMATE LOT SIZE 2.8 Acres AC T U AL P ROP E R T Y
GROSS LEASEABLE AREA 56,000 SF
TYPE OF OWNERSHIP Fee Simple
LEASE GUARANTOR Kuusakoski US, LLC
LEASE TYPE Double-Net (NN)
ROOF AND STRUCTURE Landlord Responsibility
LEASE COMMENCEMENT DATE 6/1/2013
LEASE EXPIRATION DATE 6/30/2023
AC T U AL P ROP E R T Y
LEASE TERM 10 Years
TERM REMAINING 3.5 Years ANNUALIZED OPERATING DATA
INCREASES In Option Periods BASE RENT ANNUAL RENT MONTHLY RENT
OPTIONS TO RENEW One, 5-Year CURRENT 6/30/2023 $226,800.00 $18,900.00
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
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DISTRIBUTING
COMPANY
6
W TO W N L I N E R D
SUBJECT PROPERTY
40
AMERICAN PRIDE
GARAGES
N RADNOR RD
6
N ALLEN RD
KELLOGG W PIONEER PKWY
GOLF COURSE
N UNIVERSITY ST
THE SHOPPES AT GRAND PRAIRIE
±558,762 SF GLA | ±35 STORES
DU-MONT CO
150 W W I L LO W K N O L L S D R
9 MILES TO
W
WA DOWNTOWN
RM PEORIA, IL
EM
OR
IAL
DR
6
150
KUUSAKOSKI RECYCLING - Peoria, Illinois
KUUSAKOSKI RECYCLING | PEORIA, IL
P R O P E R T Y D E TA I L 2022 TOWNLINE ROAD
PEORIA, IL 61615
THE OFFERING
PROPERTY Kuusakoski Recycling
PROPERTY ADDRESS 2022 W Townline Rd, Peoria, IL
PROPERTY TYPE Industrial Manufacturing
CLASS B
ASSESSOR'S PARCEL NUMBER 14/06/227/001
N KN OX V I LLE AV E
SITE DESCRIPTION
SITE SIZE 2.8 Acres
TYPE OF OWNERSHIP Fee Simple EP!C ACADEMY
RENTABLE SQUARE FEET 56,000 SF SUBJECT PROPERTY
FLOOR AREA RATIO (FAR) 0.40
Infared Heating, Fully Sprinklered & Inte- PEORIA
INTERIOR FEATURES PRODUCTION SHOP
rior Semi-Docks With Dock-Levelers
Fenced Truck Parking Lot with Diesel
LOT
D
Electrical Connections
ER
LIN
STREET FRONTAGE W Townline Road
WN
TO
CONSTRUCTION N PIONEER RD
W
YEAR BUILT 1969/2001
CONTRUCTION TYPE Concrete
STRUCTURAL FRAME Steel
ROOF Angled, Metal
NUMBER OF FLOORS 1
CEILING HEIGHT 23 Feet BLUE RIDGE FORGE
LOADING
DOCKS Four Overhead Drive-In Doors AC T U AL P R OP E R T Y
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
KUUSAKOSKI RECYCLING | PEORIA, IL
TENANT OVERVIEW
Kuusakoski US is the US division of Kuusakoski Recycling, one of the largest and
most reputable recyclers of metal and electronics in the world. Founded in 1914 and
headquartered in Espoo, Finland, Kuusakoski operations span 12 countries, 3 continents
and 48 states. The company provides cost-effective, environmentally responsible recycling
services to e-waste collectors and recyclers, enterprises, small businesses, nonprofits,
original equipment manufacturers, and government and municipalities. With a century-
long history, Kuusakoski is both an original pioneer of the recycling industry and modern
innovator of today’s leading recycling technology. Kuusakoski’s processes have been
honed over a century to the highest level of efficiency and environmental standards. AC T U AL P R OP E R T Y
Kuusakoski enjoys several of the highest e-waste recycling industry certifications, some of
which include:
OVERVIEW
TENANT TRADE NAME Kuusakoski Recycling
E-Stewards Certification: The highest e-waste recycling certification in the
industry. It sets Kuusakoski apart from others in the marketplace that may mishandle OWNERSHIP Private
material and cause negative impacts on the environment and/or human health.
TENANT Kuusakoski US, LLC
SAI Global ISO 14001: Ensures that Kuusakoski has up to date and third party
LEASE GUARANTOR Corporate
audited Environmental Management Systems with stringent environmental
requirements. HEADQUARTERED Plainfield, IL
SAI Global ISO 14001: Occupational, Health and Safety standard and REVENUE $681 Million (2018 USD)
certification which enhances the company OHS culture and keeps employee’s health
and safety at the center of importance. WEB SITE https://kuusakoski.us/
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
KUUSAKOSKI RECYCLING | PEORIA, IL
ABOUT PEORIA
Peoria, Illinois is the county seat of Peoria County, Illinois, and the largest city on the Illinois River.
Peoria is home to Bradley University, Illinois Central College, University of Illinois College of Medicine, which feature a combined total enrollment of approximately 16,000 students. Some of
the area’s top employers include: Advance Technology Services, Unity Point Health, OSF St. Francis Medical Center, which each employ over 1,500 individuals.
A major port on the Illinois River, Peoria is a trading and shipping center for a large agricultural area that produces maize, soybeans, and livestock. Although the economy is well diversified,
the city’s traditional manufacturing industries remain important and produce earthmoving equipment, metal products, lawn-care equipment, labels, steel towers, farm equipment, building
materials, steel, wire, and chemicals. During January 2018, OSF Healthcare and Caterpillar Inc. excited the community with the announcement of the regional healthcare giant’s planned rehab
and headquarters relocation into a historic downtown landmark building originally designed for a large downtown department store Shipper & Block, Block & Kuhl’s and lastly Carson Pirie,
Scoott & Co. Such consolidation of hundreds of scattered administrative employees is planned as a major catalyst for further central business district revitalization.
The Peoria industrial market contains roughly 30 million SF of space and primarily serves the local economy. Vacancy remains tight, at under 3%, due to a lack of development activity. Because
of this tight supply, rent growth has been strong, at 2% over the past twelve months.
SUBJECT PROPERTY
BLUE RIDGE FORGE
D
RR
IONEE
NP
W TOW N L IN E RD
ACTU AL PROPERTY
7
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
1-Mile 3-Mile 5-Mile 1-Mile 3-Mile 5-Mile 1-Mile 3-Mile 5-Mile 2000 Population 1,625 27,651 61,428 2000 Households 747 11,575 26,129 2019 Average HH Income $120,408 $100,314 $91,315 2010 Population 2,631 33,408 68,745 2010 Households 1,322 14,211 29,848 2019 Median HH Income $77,518 $76,664 $69,573 2019 Population 3,438 32,529 65,822 2019 Households 1,730 14,056 28,663 2019 Per Capita Income $60,589 $43,346 $39,764 2024 Population 3,537 31,811 64,154 2024 Households 1,780 13,790 27,951
B R OKE R HE REBY AD VI SES ALL P R O S PECTIV E PU R CHA S ER S O F N ET L EA S ED P R O P E R T Y A S F O L L O WS: T h e i n f o rm a ti o n c ontained in the follow ing Mar ket i ng B r o chur e i s p r o p r i et ar y and s t r i ct l y co nf i d ent ia l . I t i s i n t e n de d t o be re v i e w e d on l y by t h e pa rt y r e ce i vi n g i t f ro m B r oker and should not be ma d e avai l ab l e t o any o t her p er s o n o r ent i t y w i t ho ut t he w ri t t e n c on s e n t of Brok e r. T h i s Ma rke ti n g Brochur e has b een pr epar ed t o p r o vi d e s um m ar y, unver i f i ed i nf o r m at i o n t o p r o s p ect i v e pu rc h a s e rs , a n d t o e s t a bl i s h on l y a pre l i m i n a ry l e v e l o f i n te re st i n the sub ject pr oper ty . The inf o r m at i o n co nt ai ned her ei n i s no t a s ub s t i t ut e f o r a t h orou g h du e di l i g e n c e i n v e s t i g a t i on . Brok e r h a s n ot m a d e a n y i n ve sti gation, and makes no w ar r ant y o r r ep r es ent at i o n, w i t h r es p ect t o t he i nco m e o r ex p e n s e s for t h e s u bj e c t prope rt y , t h e fu t u re proj e c t e d f i n a nc i a l pe rf o rm ance of the p r oper ty , the s i z e and s q uar e f o o t age o f t he p r o p er t y and i m p r o vem e n t s , t h e pre s e n c e or a bs e n c e of c on t a m i n a t i n g su b s ta n c e s, PCB’s or asbestos, the comp liance w i t h St at e and F ed er al r egul at i o ns , t he p hys i cal co nd i t i on of t h e i m prov e m e n t s t h e re on , or t h e fi n a n c i a l co n di ti o n o r bu si ness p r ospects of any tenant , o r any t enant ’s p l ans o r i nt ent i o ns t o co nt i nue i t s o c c u pa n c y of t h e s u bj e c t prope rt y . T h e i n form a t i on co n ta i n e d i n th i s Mar keting B r ochur e has b ee n o b t ai ned f r o m s o ur ces w e b el i eve t o b e r el i ab l e; ho w e v e r, Brok e r h a s n ot v e ri fi e d, a n d w i l l n ot v e ri fy , a n y o f th e i n f o rm ation contained her ein, nor has B r o ker co nd uct ed any i nves t i gat i o n r egar d i ng t hes e m a t t e rs a n d m a k e s n o w a rra n t y or re pre s e n t a t i on w ha tso e ve r re ga rding the accur acy or comp letenes s o f t he i nf o r m at i o n p r o vi d ed . Al l p o t ent i al b uyer s m u s t t a k e a ppropri a t e m e a s u re s t o v e ri fy a l l of t h e i nf o rm a ti o n se t f o r th her ein. NO N -ENDOR SEMEN T NOTICE Br o ke r i s n o t a f f i l iated w ith, sponsor ed b y , o r end o r s ed b y any co m m er ci al t enant o r l es s ee i d ent i f ie d i n t h i s m a rk e t i n g pa c k a g e . T h e pre s e n c e of a n y co r po ra ti o n ’s l o go or name is not intend ed to i nd i cat e o r i m p l y af f i l i at i o n w i t h, o r s p o ns o r s hi p o r e n dors e m e n t by , s a i d c orpora t i on of Brok e r, i t s a f f i l i a te s o r su bsi diar ies, or any agent, pr oduc t , s er vi ce, o r co m m er ci al l i s t i ng o f B r o ker , and i s s o l el y i n c l u de d for t h e pu rpos e of prov i di n g t e n a n t l e s s e e i nf o rm a ti o n a bo u t this listing to pr ospectiv e cus t o m er s . A L L P R O PER TY SH OWINGS A RE B Y A P P OINTME N T ON LY . P LEASE C ON SULT Y OUR B ROK ER AG EN T F OR M OR E D E T A I L S .
C O N TA C T U S :
MARK POMELLA
LICENSED REAL ESTATE SALESPERSON
mpomella@sabcap.com
t. 646.809.8840
JOHN SNEE
LICENSED REAL ESTATE SALESPERSON
jsnee@sabcap.com
t. 646.809.8847
BROKER OF RECORD
Simeon Spirrison
simeon@adelphia properties.com
t. 630.455.4495
Adelphia Properties
LICENSE #: 471.002578 (IL)
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