Royce Road Office Center
Royce Road Office Center
(Greenway Office Center)
(Autism Service Center - Professional Office Building)
100 Percent Occupancy | 69% Leased to Autism Center (GBC aba)
Extensive Renovations 2020
LOW Price PSF: $212.96
Three and Five Year Lease Terms
Conveniently Located Off of IL Route 53 and Royce Road, A Signalized Intersection
Projected 18.64% Growth in Median Household Income in Five Years
109 Royce Road, Bolingbrook, IL 60440
Request Offering Memorandum
Market Summary
Price $950,000
Cap Rate 7.57%
NOI $71,871
Rentable SF 4,461 SF
Price per SF $212.96
Year Built / Renovated 1980 / 2020
Lot Size 0.34 Acres
Description
Marcus & Millichap is pleased to present Autism Service Center - Professional Office Building (Greenway Office Center).
This multi tenant office building has seen a complete renovation in the last year. Some of the updates made were: Windows and doors were replaced, three rooftop units were replaced, interior reconfigured to accommodate four tenants, new plumbing, all exterior walls and ceiling insulation replaced, smart meter thermostat system installed, all new flooring, Cat6 wiring ready, new step railings, electric meters separated for four unites, all interior lighting with LED toffers, added private restrooms to units A and C to name a few.
The property is located in Bolingbrook, IL at the lighted intersection of IL Route 53 and Royce Road. Demographics in the area very strong with a growing population and strong median household income that is growing.