Embed Size (px)
Citation preview
F O R A D D I T I O N A L I N F O R M A T I O N C O N T A C T : Brian Butler
The Butler Group | 243 Burlington Ave, Clarendon Hills, IL 60514 | Phone 630.321.9500 | Fax 630.321.9501 | Email [email protected]
6835 Kingery Highway, Willowbrook, Illinois
• 6,625 square foot office building
• 100% triple-net leased to three (3) tenants
• All three tenants have occupied their spaces for over 10 years
• Located in the Willowbrook Office Park
• Owners Association takes care of all common-area maintenance
• Low DuPage County taxes
• 7.64% cap rate
The above listing information was obtained from a source deemed reli-able. However, The Butler Group shall assume no liability for its accuracy. The above information is subject to change or withdrawal without further notice.
F O R S A L E Office Investment Property
6,625 Square Foot Multi-Tenant Office Building
The Butler Group | 243 Burlington Ave, Clarendon Hills, IL 60514 | Phone 630.321.9500 | Fax 630.321.9501 | Email [email protected]
Office Investment PropertyWillowbrook, Illinois
Location: 6835 Kingery Highway (Illinois Rt. 83), Willowbrook, Illinois.
The building is located in the Willowbrook Office Park which is located on the east side of Kingery Highway (Illinois Rt. 83) between 63rd Street (north) and Plainfield Road (south).
Building Description: The building is an all-brick 6,625 square-foot single-story office building, currently divided into three separate suites. The suites contain:
• South Suite: 1,894 square feet;
• Center Suite: 2,981 square feet;
• North Suite: 1,750 square feet.
Each suite has its own interior entrance in the building’s common vestibule. Tenants are responsible for their own gas and electric service, which are separately metered and billed directly to the tenant.
Willowbrook Office Park Description: The Willowbrook Office Park is composed of eleven (11) single-story office buildings. There are ten (10) buildings that contain 6,625 square feet, one (1) building that contains 8,150 square feet, and one (1) building that contains 9,800 square feet. All of the buildings are in the Willowbrook Office Park Owners Association, and pay monthly assessments to the Association. The following are included as a part of the assessments:
• Landscaping
• Scavenger
• Snow removal
• Parking lot maintenance and repair
• Management fees
• Insurance for common areas.
Monthly Owner’s Assessment: $981.56
Real Estate Taxes: 2018: $18,236.36 or $2.75 per square foot
(continued on next page)
F O R S A L E
The Butler Group | 243 Burlington Ave, Clarendon Hills, IL 60514 | Phone 630.321.9500 | Fax 630.321.9501 | Email [email protected]
F O R A D D I T I O N A L I N F O R M A T I O N
The above listing information was obtained from a source deemed reliable. However, The Butler Group shall assume no liability for its accuracy. The above information is subject to change or withdrawal without further notice.
Brian ButlerThe Butler GroupOffice630.321.9500
Fax630.321.9501
(continued from previous page)
Zoning: Limited Office Professional Village of Willowbrook
Tenant List: Tenant Space occupied Net rent psf
Batson Chiropractic 1,894 sq. ft. $18.36 psf
Parsec Tracking 2,981 sq. ft. $18.33 psf
Dupage Neurological 1,750 sq. ft. $18.98 psf
* Rent roll available upon request
2018 Net Income: $122,649.08
Asking Price: $1,605,000.00
Cap Rate: 7. 64%
Comment: The building represents a great opportunity to own a triple-net leased property in a very strong office market. Because it is part of an association, ownership doesn’t have the burden of property management. All three existing tenants have been at the building for over ten (10) years.
The Butler Group | 243 Burlington Ave, Clarendon Hills, IL 60514 | Phone 630.321.9500 | Fax 630.321.9501 | Email [email protected]
