Enterprise Office Campus Office FOR SALE


Arlington Heights, IL - Des Plaines/Arlington Hts Corridor
$2,150,000 USD
847-338-2022
, Arlington Heights, IL for Sale
$2,150,000 USD
Office - FOR SALE
1/25
null | 8.75% Cap Rate

Enterprise Office Campus
Arlington Heights, IL
Des Plaines/Arlington Hts Corridor


HIGHLIGHTS

  • 41,161 SF Multi-Tenant Office Property For Sale (Asking Price $2,150,000) ($52.23 PSF)
  • Existing Cap Rate 8.76% (Currently 90% leased with approx 13 tenants)
  • Unique situation for a user or investor to own and or occupy space & potentially mange or outsource management
  • Affords an Investor Flexibility in leasing space to increase income or selling office condo units to users at a premium price per SF
  • See Links below for 3-D Virtual Tours of select Suites!!!
  • Contact Broker to discuss this Exclusive opportunity to purchase the entire complex 41,161 SF (Asking Price $2,150,000) ($52.23 PSF)

OVERVIEW

Enterprise Office Campus For Sale( Current Cap Rate 8.75%) 41,161 SF Multi-Tenant Office Property For Sale (Asking Price $2,150,000) ($52.23 PSF) Currently 90% leased with approx 4,504 SF Vacant (3 suites Individual suites) Currently over $562,000 in existing Gross Income from 13 Current Tenants Unique situation for a user or investor to own, and or occupy space & potentially mange or outsource management fees ***New 10 year medical tenant anchor lease recently inked! *** Affords an Investor Flexibility in leasing space to increase income or selling office condo units to users at a premium price per SF Three-building, single-story office complex fronting on the east side of Route 53 between Dundee and Rand Roads. Full interchange at Dundee Road. Professionally managed and operated, beautifully manicured landscaping, and maintained to a high level. Located 1 block East of full Rt 53 & Dundee Rd full interchange Ideal for Office or Medical Tenant controlled HVAC and 24 hour access Comcast high-speed internet and cable available Operable windows Private Restrooms Professional Park-Like Setting Building Signage Available Units available for sale or lease See link below for 3-D Virtual Tour of select Suites! Value Add or User/Investor Opportunity 41,161 SF Multi-Tenant Single Story Office Building Currently 90 % Leased with up to 4,504 SF Available For A User Existing Gross Income: $562,000 Existing Net Income: $188,137 Existing Cap Rate: 8.76% Existing Occupancy: 90% Proforma NOI= $249,000 Proforma Cap Rate 11.58% See link below for 3-D Virtual Tour of the 3 remaining vacant suites!

ASK ABOUT THIS PROPERTY

Randy OlczykChicagoland Commercial Real EstateMore Info
847-338-2022

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Randy OlczykChicagoland Commercial Real EstateMore Info
847-338-2022

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