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Wells Fargo - Porte Brown

1752 Capital Street, Elgin, IL 60124

Description

Marcus & Millichap is pleased to present 1752 Capital Street in Elgin, Illinois. This high-quality asset was built in 2008 and is located at the intersection of Interstate 90 and Randall Road. This is a crossroads of commerce in the north western suburbs.  

High-quality investment products surround this building, with a Chase Operations Center located next door to the property and the new Advocate Sherman Hospital located directly across Randall Road. John B Sanfilippo & Son corporate headquarter is located nearby.

The property is fully stabilized and will provide the new owner ease of management and steady cash flow.

Price                                              $4,373,600

NOI                                                $382,692

Gross Square Feet                      26,799

Price/Square Foot                      $163

CAP Rate                                       8.75%

Parcel Size                                    2.52 Acres

Year Built                                     2008

Major Tenants

CTI

Diers

Porte Brown

Wells Fargo

 

 

Market Summary

CLOSED

Sold Price:                            $4,200,000

Sold CAP Rate:                    9.11%