The Woodland Building

CLOSED

The Woodland Building

Located at a Signalized Intersection | Hard Corner


Over 35,000 Vehicles Per Day Pass the Property
Recent Interior Updates
100 Percent Occupied | Waiting List for Space
Easy Access to Expressways

101 Royce Road, Bolingbrook, IL 60440

* Sale Price $1,030,000

* Sold at 90% of List

* 77 Days on Market

* Closed in 41 Days

Market Summary

Price                                    $1,149,000

Cap Rate                             8.19%

NOI                                      $94,078

Rentable SF                        10,801 SF

Price per SF                        $106.38

Year Built                            1979

Lot Size                               0.72 Acres

Description

Marcus & Millichap is pleased to present for sale, The Woodland Building at the signalized corner of Illinois Route 53 and Royce Road in Bolingbrook, Illinois. The building is comprised of approximately 10,000 square feet of leasable area and is currently 100 percent occupied with long-term local tenants. All tenants have stayed current with their rent during the pandemic and renewed their leases when they expired. A new investor will enjoy consistent cash flow and have the opportunity to move rents upward in the ensuing renewals.

Because of the size of the units, the landlord currently has a number of prospective tenants on a waiting list for any units that come available. In addition, the building has easy access to Interstate 88 (6.2 miles), via Route 53 and Interstate 355 (2.5 miles) via Boughton Road which is the major retail/restaurant corridor in Bolingbrook. In addition, Interstate 55 is 2.25 miles due south of the property on Route 53. Last, because of the Royce Road location, there is easy access to the south and east sides of Naperville.


Bolingbrook is seeing growth in all demographic sectors, including population, household creation, and income levels of the residents. Current unemployment in the area is 6.17 percent with 67.35 percent of its workers employed in white-collar professions. 24 companies of various sizes have their corporate headquarters in Bolingbrook. The largest being, the nation-wide cosmetic retailer Ulta Beauty, as well as vehicle floor liner manufacturer WeatherTech. Other corporate headquarters include ATI Physical Therapy, Stevenson Crane, American Chrome, Computer Projects of Illinois, Diageo, Diamond Technical Services, Epic Technologies, Goya Foods' Illinois division, Midwest Fuel & Injection, G & W Electric, Illinois Paper & Copier, Jet Brite car washes, Wi-Tronix, Perkins Manufacturing, Vision Integrated Graphics, Clark Foam Products, Wastebuilt, COTG - Chicago Office Technology Group, and Windy City Wire.