CBRE Capital Markets, Investment Properties has been retained by ownership as Exclusive Advisor and Agent to sell a 71,089-square-foot office condominium located at 704-708 Deerpath Dr, Vernon Hills, IL. Canon Medical Research USA, Inc. (CMRU) has been operating at this location since 2008 and extended its lease for 12.4 years in 2020, leaving over 8 years remaining. The lease features 3% annual rental increases and one, 5-year FMV option to renew. Along with several capital improvements set to be completed by the tenant, Canon also elected to lease additional space adjacent to the Premises, expanding the Premises by 20,372 square feet. Canon Medical Research USA, Inc. is a multi-modality R&D center that designs next-generation medical imaging systems. Toshiba Medical Research Institute, Inc. (TMRU) was founded in September 2006 and was one of Toshiba Medical’s four global R&D companies that generated innovative ideas behind the company’s most important breakthroughs in imaging technology. CMRU has two facilities in the United States with the company’s headquarters outside of Chicago, Illinois, and a second location in Cleveland, Ohio. TMRU joined the Canon Group in December 2016 and announced its official name change to Canon Medical Research USA, Inc. in January 2018. This Property is being marketed without a asking price. Please contact the brokers for more details.