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.

Contact Us


The Saia | Andrew Group of Marcus & Millichap

Tammy Saia Info
(630) 570-2226
tsaia@marcusmillichap.com

Tami Andrew Info

(630) 570-2179

tandrew@marcusmillichap.com

© 2020 by Marcus & Millichap Saia | Andrew Group.