Tammy Saia Contact Info:
Phone: (630) 570-2226
Email: tsaia@marcusmillichap.com
Tami Andrew Contact Info:
Phone: (630) 570-2179
Email: tandrew@marcusmillichap.com
Golf Plaza Office Park
Closed
REDUCED
Golf Plaza Office Park
88 Percent Occupied Providing Some Upside Potential
Small Suite Sizes - Easier to Lease
Average Income is $92,184 Within One Mile and $102,544 Within Five Miles
Property is Maintained at a High Standard
Three Suites have been Upgraded in the Last Three Years
415 East Golf Road, Arlington Heights, IL 60005
* Sale Price $1,118,700 $61 psf
* Cap Rate 9.12%
* Sold at 99% of List
* Closed in 35 Days
Market Summary
Price $1,133,700
Cap Rate 9.00%
NOI $102,034
Rentable SF 18.322 SF
Price per SF $61.88
Year Built / Renovated 1980 / 1992
Lot Size 1.58 Acres
Description
Marcus & Millichap is pleased to present 415 East Golf Road. The property, a multi-tenant office building, is located in Arlington Heights. Arlington Heights is a business centric community which has several programs that entice new business to open in the village. The property currently has 19 units available for rent. Due to the size of the units the property maintains an approximate 90 percent occupancy. Tenants are comprised of a number of recession and Amazon proof industries such as certified public accounting firms, real estate practices, surveyor, counseling services and attorneys.