14479 John Humphrey Dr - Office FOR SALE


Orland Park, IL 60462
$4,150,000 USD
847-562-8500
14479 John Humphrey Dr, Orland Park, IL for Sale
$4,150,000 USD
Office - FOR SALE
1/3
null | 7.95% Cap Rate

14479 John Humphrey Dr
Orland Park, IL 60462


HIGHLIGHTS

  • Fully guaranteed by the U.S. Federal Government - Investment grade rated - Standard & Poor’s AA+
  • Commitment – Recent lease extension through March 2029
  • High renewal probability – Historically, the GSA has renewed almost 95% of build-to-suit properties
  • Mission critical location – 1 of 5 Taxpayer Assistance Centers in Illinois where in-person document review is provided
  • Significant space dedicated to the Criminal Investigation Division (CID) of the IRS
  • 161,000+ people live within a five-mile radius

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single-tenant General Service Administration (GSA) Internal Revenue Service (IRS) property located within the Chicago MSA, in Orland Park, Illinois. This property was build-to-suit for the Internal Revenue Service (IRS). The subject property is one of only five Taxpayer Assistance Centers in Illinois that offers in-person document review. A significant portion of the space is utilized for the Criminal Investigation Division (CID) of the IRS, the division responsible for investigating potential violations to the U.S. Internal Revenue Code. The lease commenced in April 2014 and was recently extended through March 2029, demonstrating a strong commitment to the site. Historically, the GSA has renewed almost 95% of build-to-suit properties. The lease is fully guaranteed by the United States Government, which holds an investment-grade credit rating of AA+ (Standard & Poor’s). The 18,466 square-foot building benefits from its position just off of South LaGrange Road which experiences over 43,300 vehicles per day. The asset is located in a dense corridor that is primarily anchored by retail and some office. The property is surrounded by several national-tenanted shopping centers including Orland Square, a 1.2 million square foot shopping destination that houses over 100 stores. Other nearby traffics draws include UChicago Medicine, Northwestern Medicine Palos Hospital (291 beds), and Silver Lake Country Club. This is a dense and affluent area with an average household income of $132,530 within a five-mile radius. The population in this area exceeds 161,000. The Internal Revenue Service (IRS) is the revenue service of the U.S. federal government, operating under the Department of the Treasury. Established in 1862, the IRS is responsible for administering and enforcing the nation’s tax laws. Its primary functions include processing tax returns, collecting federal taxes, issuing refunds, and conducting audits. The agency plays a crucial role in ensuring compliance with tax regulations and supporting the federal government’s revenue needs.

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

7.95%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Internal Revenue Service (IRS)

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.84 AC

LAND SF

80,015 SF

ZONING

-

APN/PARCEL ID

27-10-100-108-0000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.