Woodfield Lake Office Court IV | 919 N Plum Grove Rd
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Woodfield Lake Office Court IV 919 N Plum Grove Rd
10,590 SF 80% Leased Office Building Schaumburg, IL 60173 For Sale
Investment Highlights
- 80% occupied with an in-place NOI of approximately $70,279
- Surrounded by dining and shopping options including Woodfield Mall, just over one (1) mile to the east
- Located just over two (2) miles from Interstate 90 and approximately five (5) miles from the I-90/I-290 Interchange
Executive Summary
Single--story office building consisting of 10,590 SF, known as Woodfield Lake Office Court IV, in Schaumburg, IL (Chicago MSA). The building consists of six (6) units, of which four(4) are occupied. At the current 80% occupancy rate, the building produces a NOI of approximately $70,279. The existing tenant mix includes Personal Growth Associates, the largest tenant in 3,730 SF, along with tenants Best Brains in 2,501 SF, Wellessence MD in 1,265 SF, and IDA Solutions in 982 SF. The offering presents an opportunity to purchase a well occupied office building in Chicago's western suburbs with an excellent location approximately five (5) miles from the I-90/I-290 Interchange. Additionally, the property is just over two (2) miles from I-90 and within close proximity to a number of restaurant and dining options, including Woodfield Mall, which is just over one (1) mile to the east.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
10,590 SF
Building Class
B
Year Built
1985
NOI
£55,517
Percent Leased
80%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
10,590 SF
Building FAR
0.09
Lot Size
2.63 AC
Zoning
Office
Parking
4 Spaces per 1,000 SF Leased
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Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £82,826 | |
| Land Assessment | £82,666 | Total Assessment | £165,492 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£82,666
Improvements Assessment
£82,826
Total Assessment
£165,492
Contacts
-
Matt Tarshis -
Andrew Rubin -
Andrew Picchietti -
Zack Pearlstein -
Frontline Real Estate Partners
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Woodfield Lake Office Court IV | 919 N Plum Grove Rd
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