Royce Road Office Center

Royce Road Office Center

(Greenway Office Center)

(Autism Service Center - Professional Office Building)

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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

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109 Royce Road, Bolingbrook, IL 60440

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Request Offering Memorandum

Market Summary

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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

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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.