Property History
Property Type
Property Type
Property Subtype
Marketing Description
Near Landmeier and Higgins, this 34,106 square foot multi-tenant office building is priced below replacement cost. The three story office building is currently 84% occupied, with available suites ranging from 535 to 1,449 square feet; many of the tenants are long-term occupants. Many of the tenants are on substantially below market rents. Several of the tenants are third-party logistics companies, drawn to this property for its proximity to their distribution centers. The office is on a 2.5 acre site, providing ample parking for tenants as well as ample room for redevelopment. The site can potentially be redeveloped for industrial or commercial use. This value-add property is a great opportunity to redevelop or reposition a building in the desirable O'Hare submarket.
Property Type
Property Type
Marketing Description
Near Landmeier and Higgins, this 34,106 square foot
multi-tenant office building is priced below replacement cost. The three story office building is currently 84% occupied, with available suites ranging from 535 to 1,449 square feet; many of the tenants are long-term occupants. Many of the tenants are on substantially below market rents. Several of the tenants are third-party logistics companies, drawn to this property for its proximity to
their distribution centers.
The office is on a 2.5 acre site, providing ample parking for tenants as well as ample room for redevelopment. The site can potentially be redeveloped for industrial or commercial use. This value-add property is a great opportunity to redevelop or reposition a building in the desirable O’Hare submarket.
Investment Highlights
- 34,106 SF office building
- Recent improvements include new roof and new HVAC system
- Suites range from 157 to 2,798 SF
- Current Occupancy: 84.1%
- Substantially below market rent
- Ample parking for tenants
- Close to O’Hare western entrance
- Near I-90 entrance, Elmhurst Rd., Touhy Rd. and Landmeier Rd.
- Potential to redevelop as industrial or for commercial use
- Right to terminate leases on sale
- Land Area: 2.5 acres (108,374 SF)
- Zoning: I-2
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
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Contacts
Map
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Rental Market Overview
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