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NAI Hiffman Brokers Sale of Suburban Chicago Industrial
NAI Hiffman has brokered the sale of a 4-acre industrial outdoor storage property at 2351 Powis Road in West Chicago, Illinois, for $4.225 million. The property includes 11,000 square feet of shop and fabrication space in two buildings, a paved, fenced concrete yard, and a mobile office trailer.
The brokerage team, including NAI Hiffman Executive Vice Presidents Kelly Disser and Michael Freitag, Senior Associate Bill Byrne and Associate Broker TJ Feeney, represented the seller, a private investor group the Disser and Freitag team also represented in the original September 2023 acquisition, when the property traded for $2.4 million.
“By securing a user in 2024, we were able to significantly raise the value of the property,” said Disser. “The would-be tenant ultimately determined it preferred to own the asset rather than lease it, and we were able to negotiate a sale price nearly double what the owner paid for the property just 16 months ago.”
