Listed by Northmarq - Chicago
$8,350,000
Boulevard 40
Details
APN 04-02-101-005-0000
Property Type Office
Sub Type Traditional Office
Square Footage 108,278
Cap Rate 8.9%
NOI $743,032
Occupancy 75%
Tenancy Multi
Lease Options Contact Broker for Details
Price per SqFt $77
Year Built 1993
Buildings 1
Stories 6
Acreage 4.860
40 Skokie Northbrook Northshore | Direct Edens Expressway Exposure | Chicago MS
Marketing description
Northmarq is pleased to present an exceptional opportunity to acquire a well-located suburban office property at 40 Skokie Boulevard, Northbrook, IL 60062 (the “Property”). The Property comprises approximately 108,278 square feet of office space situated on a 4.86-acre parcel within one of Chicago’s most established and affluent North Shore submarkets. Currently 75% occupied, the Property provides in-place cash flow with meaningful upside through lease-up of the remaining vacancy.
Investment highlights
- Premier Northbrook Asset | 108,278 SF on 4.86 Acres
- Hard Signalized Corner of Lake Cook & Skokie Blvd | Direct Expressway (I-94) Exposure | 57,370 VPD
- Medical-Anchored Tenant Mix | Sticky Tenancy / Renewal | Strong Current Leasing Momentum
- Healthy Occupancy | Excellent Owner-User Opportunity with Contiguous Suites Available
- Investment-Grade Huntington Bank Anchor | ~10% of GLA | New Long-Term Lease
- Affluent North Shore Demographics | $211K+ Avg HH Income (1 Mile) | $257K+ (3 Miles)
Listing Contacts
Listed by Northmarq - Chicago
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$743,032.00
$61,919.33/mo
Valuation Metrics
0
DSCR
8.9%
Cap Rate
8.9%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Is there information that looks off?
