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Value-Add Single Story Office Building For Sale

Listing was updated at: 06/03/2019
Value-Add Single Story Office Building For Sale

Property Overview

Price/Rent PSF Inquire
Asset Type Office
Trade Type Sale
SQ. FT. Available 31,320
Date Available 04/03/2019
Additional URL Link
Parking 103
Additional parameters Show
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Description

Location
Located at the full interchange at I-90 (Jane Addams Memorial Tollway) and Route 31, 385 Airport Road provides tenants with ease of access. The Elgin area has a dense population and a strong back office workforce that benefits tenants and attracts employers to the area. The Property is located in the 155-acre Fox River Business Center just minutes north of the downtown business district and the Grand Victoria Casino. Fox Business Center is a mixed use business park with office, retail, hotel, self-storage and industrial uses. Judson University, Providence Baptist College and J Renee College are within a 5-minute drive and the Property could provide an excellent option should they expand.

Sale
The Podolsky Circle Middle Market Investment Advisory Team is pleased to present 385 Airport Road, Elgin, Illinois. The Property consists of a single-story, multi-tenant office building totaling 31,320 square feet fronting on I-90 in Elgin, Illinois. At 28% leased, 385 Airport Road offers investors the opportunity to purchase an asset well below replacement cost, collect cash flow from existing tenants, and create value through future leasing. Alternatively, the property could be redeveloped due to its prominent location, visibility and access off the four-way interchange at the northeast corner of Route 31 and I-90.

Location

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