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Office

Arlington Office Park

1835-1951 Rohlwing Rd, Rolling Meadows, IL 60008

Listing Price: $10,100,300

Cap Rate
8.05%
Gross SF
103,008
Rentable SF
103,008
Price/Gross SF
$98.05
Lot Size
8.90 acres
Year Built
1980

Investment Overview

Marcus & Millichap is proud to bring to market a premier investment opportunity located at 1835-1951 Rohlwing Road, Rolling Meadows, Illinois. This distinctive property features a 103,008-square-foot single-story office complex, comprised of nine buildings, with a current occupancy rate of 76.3 percent since its inception in 1980. The design of these contemporary structures caters to a wide array of business needs, offering accessible and efficient office spaces. Recent enhancements, including new landscaping, a new monument sign, interior renovations, and roof replacements across six of nine buildings, not only elevate the property's aesthetic appeal but also mitigate future maintenance expenses, ensuring the buildings remain in prime condition.

This investment opportunity stands out in the commercial real estate market for its robust blend of current performance and future potential. With 25 suites currently leased—12 of which have been recently remodeled to offer modern and efficient workspaces—this property exhibits strong performance metrics. The strategic location, recent upgrades, solid occupancy rates, and competitive leasing options position it as a prime investment choice. Additionally, the opportunity for strategic lease-ups and rent escalations presents a clear path for investors to enhance value and capitalize on the property's growth and profitability potential. These factors combined make the property a compelling option for investors looking to expand their portfolio with a stable yet growth-oriented real estate asset.

The property's location further amplifies its investment appeal, situated in a strategic area that boasts excellent connectivity and accessibility. Its proximity to the highway system, the airport, and downtown Chicago enhances its attractiveness to potential tenants and visitors. Furthermore, the anticipated new site for the Chicago Bears' arena nearby is poised to increase the location's desirability, potentially driving higher demand for office space and contributing to the asset's appreciation. This combination of location attributes underscores the property's market desirability and positions it as an exceptional investment opportunity with tremendous upside potential.

Investment Highlights

  • Prime Single-Story Portfolio of Nine Office Buildings
  • Strategic Location With Access to IL Rt. 53, I290, I90, O'Hare International Airport & Downtown Chicago
  • Recent Property Enhancements of Over $2,000,000
  • Exceptional Investment Opportunity
  • High Tenant Appeal with Modern Workspaces

Exclusively Listed By

Financing By

Listing Price: $10,100,300

Cap Rate
8.05%
Gross SF
103,008
Rentable SF
103,008
Price/Gross SF
$98.05
Lot Size
8.90 acres
Year Built
1980

Investment Highlights

  • Prime Single-Story Portfolio of Nine Office Buildings
  • Strategic Location With Access to IL Rt. 53, I290, I90, O'Hare International Airport & Downtown Chicago
  • Recent Property Enhancements of Over $2,000,000
  • Exceptional Investment Opportunity
  • High Tenant Appeal with Modern Workspaces

Investment Overview

Marcus & Millichap is proud to bring to market a premier investment opportunity located at 1835-1951 Rohlwing Road, Rolling Meadows, Illinois. This distinctive property features a 103,008-square-foot single-story office complex, comprised of nine buildings, with a current occupancy rate of 76.3 percent since its inception in 1980. The design of these contemporary structures caters to a wide array of business needs, offering accessible and efficient office spaces. Recent enhancements, including new landscaping, a new monument sign, interior renovations, and roof replacements across six of nine buildings, not only elevate the property's aesthetic appeal but also mitigate future maintenance expenses, ensuring the buildings remain in prime condition. This investment opportunity stands out in the commercial real estate market for its robust blend of current performance and future potential. With 25 suites currently leased—12 of which have been recently remodeled to offer modern and efficient workspaces—this property exhibits strong performance metrics. The strategic location, recent upgrades, solid occupancy rates, and competitive leasing options position it as a prime investment choice. Additionally, the opportunity for strategic lease-ups and rent escalations presents a clear path for investors to enhance value and capitalize on the property's growth and profitability potential. These factors combined make the property a compelling option for investors looking to expand their portfolio with a stable yet growth-oriented real estate asset. The property's location further amplifies its investment appeal, situated in a strategic area that boasts excellent connectivity and accessibility. Its proximity to the highway system, the airport, and downtown Chicago enhances its attractiveness to potential tenants and visitors. Furthermore, the anticipated new site for the Chicago Bears' arena nearby is poised to increase the location's desirability, potentially driving higher demand for office space and contributing to the asset's appreciation. This combination of location attributes underscores the property's market desirability and positions it as an exceptional investment opportunity with tremendous upside potential.

Exclusively Listed By

Financing By

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