7400 W. 100th Place

Project Size

56,000 SF

Project Type

Acquisition Sale-Leaseback

Opportunity

Midwest acquired a well-located, partially leased, infill asset on a large land parcel that required repositioning. The acquisition was on a favorable basis and included a new roof.

Value Added

• Structured sale and partial building leaseback to give Midwest income and flexibility to find a long-term tenant.
  
• Secured new long-term tenant.
  
• Completed total renovation of new tenant’s space.
  
• Midwest secured a major property tax reduction that allowed for higher NOI.

• Relocated part of long-term tenant’s premises to allow extra land to be subdivided and retained by Midwest at building sale which is now cash flowing.