Silver Lake Professional Bldg | 2615 Three Oaks Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Silver Lake Professional Bldg 2615 Three Oaks Rd
18,434 SF 77% Leased Office Building Cary, IL 60013 £1,421,228 (£77/SF) 8.94% Net Initial Yield
Executive Summary
Investment Opportunity
18,434 SF
2-Story Office Building w/ Heavy Medical Tenancy
Silver Lake Professional Building. 2-story masonry office building currently 77% leased. 13 tenants ranging from 160 SF to 3,822 SF with 3 vacancies ranging from 160SF to 1,688 SF. First floor includes common break room, conference room and bathrooms on each floor. Elevator equipped, ample parking . Northwestern Medicine and Cary Grove Dental are anchor tenants.
Offered at a 8.9% cap rate based on in place income. Current owner has made $394,000 of upgrades in the last three years.
Located next to the Cary Post Office overlooking Jaycee Park pond with Electric monument signage. Seller is a licensed real estate broker.
Contact Broker for Rent Roll and Operating Statement.
18,434 SF
2-Story Office Building w/ Heavy Medical Tenancy
Silver Lake Professional Building. 2-story masonry office building currently 77% leased. 13 tenants ranging from 160 SF to 3,822 SF with 3 vacancies ranging from 160SF to 1,688 SF. First floor includes common break room, conference room and bathrooms on each floor. Elevator equipped, ample parking . Northwestern Medicine and Cary Grove Dental are anchor tenants.
Offered at a 8.9% cap rate based on in place income. Current owner has made $394,000 of upgrades in the last three years.
Located next to the Cary Post Office overlooking Jaycee Park pond with Electric monument signage. Seller is a licensed real estate broker.
Contact Broker for Rent Roll and Operating Statement.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
18,434 SF
Building Class
B
Year Built
1998
Price
£1,421,228
Price Per SF
£77
Net Initial Yield
8.94%
NOI
£127,012
Percent Leased
77%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
9,217 SF
Slab to Slab
12 ft
Building FAR
0.23
Land Acres
1.86 AC
Zoning
B-2 - Neighborhood Commercial District
Parking
92 Spaces (4.99 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Signage
1 of 1
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 19-12-301-040 | Total Assessment | £266,801 |
| Land Assessment | £164,323 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £102,479 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
19-12-301-040
Land Assessment
£164,323
Improvements Assessment
£102,479
Total Assessment
£266,801
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
-
Heather Schweitzer -
Bruce Kaplan -
Premier Commercial Realty
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Silver Lake Professional Bldg | 2615 Three Oaks Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.