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LEED Gold Certified - Medical Center - Vacant - Hoffman Estates, IL | $4M Renovations 2008 | Well Below Replacement Cost $161.68 PSF
Listing was updated at: 10/12/2018
Property Overview
Price/Rent PSF $ 3,500,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 21,348
Date Available 10/12/2018
Floors 1
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Description

Location
Marcus & Millichap is pleased to present a LEED Gold certified medical/professional office building located in the Courtyards at Greenspoint complex. The 21,648-square foot building is located on 1.89 acres of land at 3200 West Higgins Road in Hoffman Estates, Illinois. The office is a one-story, brick building. Seller purchased the property in November 2007 for $3,900,000 in shell condition. The design and construction were completed in June 2008 at the renovation cost of $4,000,000. The owner’s total cost for this high quality, Gold LEED office building is $7,900,000. Due to heavy vacancy in the market the seller has the property listed below replacement cost at $3,500,000. The property was previously occupied by owner-user, Dr. Mercola, and is currently vacant and divisible to accommodate a variety of uses and square footage needs. The building is completely built out in high-end finishes and perfect for an owner-user. The previous use was medical office with multiple exam rooms which included the required plumbing. Dr. Mercola has stopped seeing patients at this location and has converted the exam rooms to traditional private offices; however, the plumbing still exists and can be easily accessed.
The building was built in 2008. The current owner purchased the building in shell condition. The property was built out to be sustainable and earth friendly and received LEED Gold Certification. Gold LEED features include, but are not limited to: doors, furniture, desks, chairs, tables, cabinets, carpeting, glass, automatic shade sensors, automatic on/off lights, and used all energy-efficient materials. A recent study stated that a LEED certified building will sell for 55 basis points lower than a non-certified building. A LEED building not only encourages a healthier environment, but does so while saving the owner money through lower expenses over the life of the building.
Given the building is located on Higgins Road (IL-72), there are a lot of amenities in the area. Two miles east on Higgins there is Barrington Square mall with many restaurants, retailers, and services. Hotels, gas stations and other restaurants are located within one mile of the property as well. The subject property is minutes away from Interstate 90 and Barrington Road exits. It is in close proximity to St. Alexius medical center. This office building is part of a triplex and accompanies two other buildings, 3100 and 3150 Higgins Road, in the Courtyards at Greenspoint. The traffic count for the intersection of Higgins and Greenspoint Parkway is 29,100 cars per day, while the traffic count for the northwest corner of Higgins and Interstate 90 is 114,800 cars per day.

Sale
Marcus & Millichap is pleased to present a LEED Gold certified medical/professional office building located in the Courtyards at Greenspoint complex. The 21,648-square foot building is located on 1.89 acres of land at 3200 West Higgins Road in Hoffman Estates, Illinois. The office is a one-story, brick building. Seller purchased the property in November 2007 for $3,900,000 in shell condition. The design and construction were completed in June 2008 at the renovation cost of $4,000,000. The owner’s total cost for this high quality, Gold LEED office building is $7,900,000. Due to heavy vacancy in the market the seller has the property listed below replacement cost at $3,500,000. The property was previously occupied by owner-user, Dr. Mercola, and is currently vacant and divisible to accommodate a variety of uses and square footage needs. The building is completely built out in high-end finishes and perfect for an owner-user. The previous use was medical office with multiple exam rooms which included the required plumbing. Dr. Mercola has stopped seeing patients at this location and has converted the exam rooms to traditional private offices; however, the plumbing still exists and can be easily accessed.
The building was built in 2008. The current owner purchased the building in shell condition. The property was built out to be sustainable and earth friendly and received LEED Gold Certification. Gold LEED features include, but are not limited to: doors, furniture, desks, chairs, tables, cabinets, carpeting, glass, automatic shade sensors, automatic on/off lights, and used all energy-efficient materials. A recent study stated that a LEED certified building will sell for 55 basis points lower than a non-certified building. A LEED building not only encourages a healthier environment, but does so while saving the owner money through lower expenses over the life of the building.
Given the building is located on Higgins Road (IL-72), there are a lot of amenities in the area. Two miles east on Higgins there is Barrington Square mall with many restaurants, retailers, and services. Hotels, gas stations and other restaurants are located within one mile of the property as well. The subject property is minutes away from Interstate 90 and Barrington Road exits. It is in close proximity to St. Alexius medical center. This office building is part of a triplex and accompanies two other buildings, 3100 and 3150 Higgins Road, in the Courtyards at Greenspoint. The traffic count for the intersection of Higgins and Greenspoint Parkway is 29,100 cars per day, while the traffic count for the northwest corner of Higgins and Interstate 90 is 114,800 cars per day.

Location

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