Tammy Saia Contact Info:
Phone: (630) 570-2226
Email: tsaia@marcusmillichap.com
Tami Andrew Contact Info:
Phone: (630) 570-2179
Email: tandrew@marcusmillichap.com
Evergreen Park Professional Building
CLOSED
Evergreen Park Professional Building
High Density Retail and Services
High Historical Occupancy
Over 40,000 Vehicles Per Day
9.06% Cap Rate | 16.73% Total Leveraged Return | 11.73% Cash on Cash Return
3317-3319 W 95th Street, Evergreen Park, IL 60805
* Sale Price $942,500
* Sold at 94% of List
* 52 Days on Market
Market Summary
Price $999,950
Cap Rate 9.06%
NOI $90,551
Rentable SF 7,830 SF
Price per SF $127.71
Year Built/Renovated 1966/2007
Lot Size .33 Acres
Description
Marcus & Millichap is pleased to present 3317 West 95th Street in Evergreen Park, Illinois. The two-story multi-tenant office building is 86 percent occupied by many professional tenants. The building has had a high historical occupancy.
This well-kept, multi-tenant office building has no deferred maintenance. Masonry construction. Renovated exterior with stucco, providing a modern appearance. New rubber membrane roof (2013) and new windows and frames.
Located in Evergreen Park, Illinois a southwest suburb of the Chicago Metropolitan Statistical Area, the property has enjoyed a historically high occupancy rate due to the proximity of a myriad of national retailers and healthcare options located on the busy 95th Street corridor.
The pathway to profit in the property is to stabilize the tenancy by signing longer-term leases with the current tenants, many who have been there for some time, and taking advantage of leasing the vacant space.