Listed by Chicagoland Commercial Real Estate
$2,150,000
Enterprise Office Campus
Details
Property Type Office
Sub Type Medical Office
Square Footage 41,161
Cap Rate 9.50%
NOI $203,119
Occupancy 94%
Tenancy Multi
Lease Type Modified
Price per SqFt $52
Buildings 3
Stories 1
Investment Type Owner/User
Office | 9.50% CAP | 41,161 SqFt
Marketing description
Three-building, Single-story Office & Medical 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.
- Enterprise Office Campus For Sale( Current Cap Rate 9.5%)
- Existing NOI $203,119
- 41,161 SF Multi-Tenant Office Property For Sale (Asking Price $2,150,000) ($52.23 PSF)
- Currently 94% leased with only 1,956 SF Vacant (1 suite )
- Currently over $610,000 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! ***
Investment highlights
- Enterprise Office Campus For Sale( Current Cap Rate 9.5%)
- Existing NOI $203,119
- 41,161 SF Single Story Multi-Tenant Office Property For Sale (Asking Price $2,150,000) ($52.23 PSF)
- Currently 94% leased with only 1,956 SF Vacant (1 suite )
- Currently over $610,000 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
- Existing Cap Rate: 9.5%
Listing Contacts
Listed by Chicagoland Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$203,119.00
$16,926.58/mo
Valuation Metrics
0
DSCR
9.45%
Cap Rate
9.45%
ROI
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