312-881-7000
1660 Feehanville Dr, Mount Prospect, IL for Sale
Medical - FOR SALE
1/7
null | Request Cap Rate

1660 Feehanville Dr
Mount Prospect, IL 60056
Des Plaines/Arlington Hts Corridor


HIGHLIGHTS

  • The Property is located in the Schaumburg Area Office Submarket with an inventory of approximately 33.6 million SF
  • The Submarket has been a thriving economic center, home to more businesses in Illinois than any community outside of Chicago’s CBD
  • Schaumburg is reinventing itself with strong leasing after the pandemic and redevelopment with major interest in Data Centers.

OVERVIEW

Kensington Corporate Center has 6 medical tenants totaling 49,389 SF, one non-medical tenant with 13,756 SF providing a total occupancy of 63,145 SF or 72% occupancy. The building is well suited to support the 3 hospitals in the area, Advocate, Endeavor and Ascension Holy Family. The 56% medical occupancy provides additional security for this property and owner, as medical tenants have a higher retention rate over traditional office tenants. The weighted average lease term of the entire building is 8.17 years (as of 7/1/24).

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kensington Corporate Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

485

LAND DETAILS

LAND ACRES

8.87 AC

LAND SF

386,377 SF

ZONING

c

APN/PARCEL ID

03-35-200-060-0000

ASK ABOUT THIS PROPERTY

Paul BarileTranswestern Real Estate ServicesMore Info
312-881-7000

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Paul BarileTranswestern Real Estate ServicesMore Info
312-881-7000

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