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Kensington Corporate Center 1660 Feehanville Dr

87,453 SF 74% Leased 4-Star Office Building Mount Prospect, IL 60056 For Sale

Investment Highlights

  • The Property is located in the Schaumburg Area Office Submarket with an inventory of approximately 33.6 million SF
  • Schaumburg is reinventing itself with strong leasing after the pandemic and redevelopment with major interest in Data Centers.
  • The Submarket has been a thriving economic center, home to more businesses in Illinois than any community outside of Chicago’s CBD

Executive Summary

Kensington Corporate Center has 6 medical tenants totaling 49,389 SF, one non-medical tenant with 13,756 SF providing a total occupancy of 63,145 SF or 72% occupancy. The building is well suited to support the 3 hospitals in the area, Advocate, Endeavor and Ascension Holy Family. The 56% medical occupancy provides additional security for this property and owner, as medical tenants have a higher retention rate over traditional office tenants. The weighted average lease term of the entire building is 8.17 years (as of 7/1/24).

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
87,453 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1986
Percent Leased
74%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
23,527 SF
Slab to Slab
12 ft
Building FAR
0.23
Land Acres
8.87 AC
Parking
485 Spaces (5.63 Spaces per 1,000 SF Leased)

Amenities

  • Atrium
  • Conferencing Facility
  • Food Service
  • Pond
  • Property Manager on Site
  • Security System
  • Signage
  • Central Heating
  • High Ceilings
  • Natural Light

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 125
  • 3,195 SF
  • Office/Medical
  • Partial Build-Out
  • Now

1st floor corner suite with ample window line.

  • 2nd Floor
  • 1,500-2,500 SF
  • Office/Medical
  • Partial Build-Out
  • Now

Corner suite with private offices on saw-tooth window line and open work area for workstations.

  • 3rd Floor
  • 5,000-10,050 SF
  • Office/Medical
  • Partial Build-Out
  • Now

Primarily open floor plan with several private offices and great window line. HVAC systems allow for extended hours of operation. Space can be divided to 5,000 RSF.

  • 4th Fl-Ste 400
  • 12,268 SF
  • Office/Medical
  • Full Build-Out
  • 30 Days

Fully furnished space in MOVE-IN CONDITION. 11 private offices, large conference room and kitchen area.

  • 4th Fl-Ste 450
  • 2,000-7,124 SF
  • Office/Medical
  • Partial Build-Out
  • Now

Corner office with saw-tooth window line. 4 offices and open work area.

Space Size Space Use Condition Available
1st Fl-Ste 125 3,195 SF Office/Medical Partial Build-Out Now
2nd Floor 1,500-2,500 SF Office/Medical Partial Build-Out Now
3rd Floor 5,000-10,050 SF Office/Medical Partial Build-Out Now
4th Fl-Ste 400 12,268 SF Office/Medical Full Build-Out 30 Days
4th Fl-Ste 450 2,000-7,124 SF Office/Medical Partial Build-Out Now

1st Fl-Ste 125

Size
3,195 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Now

2nd Floor

Size
1,500-2,500 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Now

3rd Floor

Size
5,000-10,050 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Now

4th Fl-Ste 400

Size
12,268 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
30 Days

4th Fl-Ste 450

Size
2,000-7,124 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 125

Size 3,195 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Now

1st floor corner suite with ample window line.

2nd Floor

Size 1,500-2,500 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Now

Corner suite with private offices on saw-tooth window line and open work area for workstations.

3rd Floor

Size 5,000-10,050 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Now

Primarily open floor plan with several private offices and great window line. HVAC systems allow for extended hours of operation. Space can be divided to 5,000 RSF.

4th Fl-Ste 400

Size 12,268 SF
Space Use Office/Medical
Condition Full Build-Out
Available 30 Days

Fully furnished space in MOVE-IN CONDITION. 11 private offices, large conference room and kitchen area.

4th Fl-Ste 450

Size 2,000-7,124 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Now

Corner office with saw-tooth window line. 4 offices and open work area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-35-200-060-0000
Land Assessment
£412,164
Improvements Assessment
£962,923
Total Assessment
£1,375,087
  • Listing ID: 32669947

  • Date on Market: 02/08/2024

  • Last Updated:

  • Address: 1660 Feehanville Dr, Mount Prospect, IL 60056

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