Today, we present 1441 Branding Avenue - a fully leased 48,533 square foot flex-industrial building in Downers Grove, Illinois. The Property is home to a diverse tenant base, including LPMS USA, BTI Communications Group, Affiliated Customer Service Inc., and Advocate Home Health Services. These tenants represent a broad spectrum of industries such as consumer electronics, information technology, fire detection solutions, and healthcare. Both Affiliated and LPMS USA utilize the Property as their company headquarters. Notably, Advocate and Affiliated – representing a combined 50% of the gross leasable area – have been tenants for over 25 years. With a weighted average lease term of nearly 5 years, the Property delivers consistent and predictable cash flow.

The previous owners have demonstrated a proactive commitment to maintaining and enhancing the buildings, investing over $770,000 in capital improvements since 2020. Upgrades include a complete roof replacement, parking lot milling and repaving, tuckpointing, reconstructed concrete walkways and entrances, fire hydrant replacement, regrading, landscaping enhancements, and new paint. In 2025, several HVAC units were also replaced, further boosting building efficiency and tenant comfort.

The building features highly functional flex spaces that appeal to a wide range of businesses, with centralized common dock access enhancing logistics. Spaces are efficiently configured, with no unit larger than 20,000 square feet and three suites under 10,000 square feet - aligning well with today’s leasing market.

Great Location

The property is strategically located in Downers Grove, a thriving industrial hub within DuPage County. Positioned just 20 miles west of Chicago, it offers seamless connectivity to major transportation networks. This premier location combines excellent transport links, a robust local economy, and long-term tenant appeal, making it ideal for industrial and commercial operations.
 

Industrial Building
The property comprises a total of 48,533 square feet and is currently 100% leased to a mix of long-term industrial tenants.

Returns
Forecast quarterly dividend between 7% - 9%  annualized with at a targeted IRR range of between 13% - 15%.

Purchase
The total acquisition cost was $6,145,000 of which $147,480 was provided for 3RD party placement costs.

Funding
The 2,558,765 equity includes 1,476,971 from Accretiv (Co-GP and Accretiv Hybrid Fund 2).

Holding Period
The investment period is planned for 5 years although this may be lengthened by the manager depending on performance and market conditions.