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Office Warehouse

Northwest Tech Centre

2401 Hassell Rd, Hoffman Estates, IL 60169

Listing Price: $9,000,000

Cap Rate
7.85%
Gross SF
71,136
Price/Gross SF
$126.52
Lot Size
2.00 acres
Year Built
1975
Rentable SF
71,136

Investment Overview

Marcus & Millichap is pleased to present the sale offering of the Northwest Tech Centre, a stabilized multi-tenant industrial/flex facility located at 2401 Hassell Road, Hoffman Estates, Illinois 60169. The property sits directly off the Barrington Road interchange, allowing immediate access to Interstate 90. The subject location resides in the northwest suburban market of Chicago and is 15 minutes from O’Hare International Airport. The Northwest Tech Centre is a 71,136-square-foot industrial/flex building which sits on 2.00 acres of land and was constructed in 1975. The asset contains seven units ranging in size from 4,785 to 26,006 square feet. The property is comprised of a stable tenant base, with tenants who have expanded within the building showing their commitment to the site. The building contains five drive-in doors, 14’ clear height, and 200 surface parking spaces (4.00/1,000 SF). The purchase of this offering presents an investor with the opportunity to acquire an industrial/flex asset with a stable and staggered rent roll. At the current list price of $9,000,000 the investment generates an in-place net operating income of $706,876 which equates to a 7.85 percent capitalization rate. Based on current debt available in today’s market (subject to change), the Northwest Tech Centre yields a cash-on-cash return of 11.40 percent.

Investment Highlights

  • Stabilized multi-tenant industrial/flex investment offering
  • Staggered rent roll | 55.25% of RBA leased through 2026-2032
  • Replaceable unit mix | 4,795-26,006 square foot suites
  • Immediate access to Interstate 90
  • Strong demographics | $114,000+ avg. household income within 5-miles
  • Within 15 minutes of O'Hare International Airport

Exclusively Listed By

Financing By

Office Warehouse

Northwest Tech Centre

Listing Price: $9,000,000

Cap Rate
7.85%
Gross SF
71,136
Price/Gross SF
$126.52
Lot Size
2.00 acres
Year Built
1975
Rentable SF
71,136

Investment Highlights

  • Stabilized multi-tenant industrial/flex investment offering
  • Staggered rent roll | 55.25% of RBA leased through 2026-2032
  • Replaceable unit mix | 4,795-26,006 square foot suites
  • Immediate access to Interstate 90
  • Strong demographics | $114,000+ avg. household income within 5-miles
  • Within 15 minutes of O'Hare International Airport

Investment Overview

Marcus & Millichap is pleased to present the sale offering of the Northwest Tech Centre, a stabilized multi-tenant industrial/flex facility located at 2401 Hassell Road, Hoffman Estates, Illinois 60169. The property sits directly off the Barrington Road interchange, allowing immediate access to Interstate 90. The subject location resides in the northwest suburban market of Chicago and is 15 minutes from O’Hare International Airport. The Northwest Tech Centre is a 71,136-square-foot industrial/flex building which sits on 2.00 acres of land and was constructed in 1975. The asset contains seven units ranging in size from 4,785 to 26,006 square feet. The property is comprised of a stable tenant base, with tenants who have expanded within the building showing their commitment to the site. The building contains five drive-in doors, 14’ clear height, and 200 surface parking spaces (4.00/1,000 SF). The purchase of this offering presents an investor with the opportunity to acquire an industrial/flex asset with a stable and staggered rent roll. At the current list price of $9,000,000 the investment generates an in-place net operating income of $706,876 which equates to a 7.85 percent capitalization rate. Based on current debt available in today’s market (subject to change), the Northwest Tech Centre yields a cash-on-cash return of 11.40 percent.

Exclusively Listed By

Financing By

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