Office
Cross Creek Office Center
975 E Nerge Rd, Roselle, IL 60172
Listing Price: Request For Offer
Investment Overview
Cross Creek Office Center consists of a single-story 37,271-square-foot rentable Class ‘B’ Professional Building situated on 3.65 Acres of land located in attractive Rolling Meadows, Illinois. Always a strong performer and currently 88 percent occupied, the building currently operates with 31 tenants and only three vacancies which the seller is even willing to master-lease if requested. Additional leases are awaiting signature. The asset was renovated in 2021 with many new office build-outs and hosts a defensive mix of tenants from service-business operators, financial planning consultants, insurance providers, psychotherapists and even family-practice dental offices. The property is zoned B-2 which includes Neighborhood Shopping Center or Office, and is immediately surrounded by neighborhood retail which presents interesting possibilities for future reversion value however it is believed that highest and best use is still currently office. Parcel Number 07-35-400-011.
Cross Creek Office Center
Investment Highlights
- New Debt Available through Marcus & Millichap Capital Corporation at 65 Percent LTV, 7.0 Percent, 25/5
- Class 'B' Office Space in Rolling Meadows with Fiber and Cable
- Ample Outdoor Parking Spaces on Recently Renovated Paving and Total Land Site of 3.65 Acres
- 31 Tenants Including Dentists, Financial Service Providers, Psychotherapists and Insurance
- Unique Zoning for an Office Building : B-2 which Includes Neighborhood Shopping Centers
- Currently 88 Percent Occupied wit only Three Vacant Suites that Seller will Master-Lease if Requested
- Recently renovated interior Lobby, hallways and many brand-new office build-outs
- Steady Cash Flow for an Investor who Appreciates the Diversity of 30 Tenants. Financeable
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- New Debt Available through Marcus & Millichap Capital Corporation at 65 Percent LTV, 7.0 Percent, 25/5
- Class 'B' Office Space in Rolling Meadows with Fiber and Cable
- Ample Outdoor Parking Spaces on Recently Renovated Paving and Total Land Site of 3.65 Acres
- 31 Tenants Including Dentists, Financial Service Providers, Psychotherapists and Insurance
- Unique Zoning for an Office Building : B-2 which Includes Neighborhood Shopping Centers
- Currently 88 Percent Occupied wit only Three Vacant Suites that Seller will Master-Lease if Requested
- Recently renovated interior Lobby, hallways and many brand-new office build-outs
- Steady Cash Flow for an Investor who Appreciates the Diversity of 30 Tenants. Financeable
Investment Overview
Cross Creek Office Center consists of a single-story 37,271-square-foot rentable Class ‘B’ Professional Building situated on 3.65 Acres of land located in attractive Rolling Meadows, Illinois. Always a strong performer and currently 88 percent occupied, the building currently operates with 31 tenants and only three vacancies which the seller is even willing to master-lease if requested. Additional leases are awaiting signature. The asset was renovated in 2021 with many new office build-outs and hosts a defensive mix of tenants from service-business operators, financial planning consultants, insurance providers, psychotherapists and even family-practice dental offices. The property is zoned B-2 which includes Neighborhood Shopping Center or Office, and is immediately surrounded by neighborhood retail which presents interesting possibilities for future reversion value however it is believed that highest and best use is still currently office. Parcel Number 07-35-400-011.
Exclusively Listed By
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