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Office Warehouse

825 Corporate Woods Pkwy

825 Corporate Woods Pkwy, Vernon Hills, IL 60061

Listing Price: $2,650,000

Cap Rate
7.32%
Gross SF
22,155
Price/Gross SF
$119.61
Lot Size
2.36 acres
Year Built
1998
Rentable SF
22,155

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 825 Corporate Woods Pkwy, a single tenant, net leased, industrial flex investment offering located in Vernon Hills, IL. The property resides in the Corporate Woods business park in the north suburbs of Chicago and sits in close proximity to Interstate-94, offering interstate access to downtown Chicago, O’Hare International Airport, and the greater Chicagoland area.

The subject property totals 22,155 square feet, consisting of 12,129 square feet of office space and 10,026 square feet of warehouse space. The property is fully occupied by Eastek International Corporation, an international manufacturing services company that offers medical devices, prototyping, injection molded plastics, tooling design, fabrication, assembly, metal stamping, logistics, and telecommunication services worldwide.

Eastek International Corporation recently executed a new ten-year net lease that commences upon Eastek taking occupancy of the property on September 1st, 2024, following the completion of the current capital and tenant improvements. The lease operates on a triple net structure, landlord only responsible for repair and replacement of roof and structure, with 3% annual rent increases and two five-year extension options, offering a long-term stable and passive investment.

The purchase of this offering presents an investor with the opportunity to acquire a long-term, passive industrial flex investment with recently completed improvements in the affluent north suburbs of Chicago. At the current list price of $2,650,000, the offering generates an in-place net operating income of $193,856 which equates to a capitalization rate of 7.32%.

Investment Highlights

  • Single-Tenant Net Leased Industrial Flex Investment Offering
  • Long-Term Passive Investment | Newly Executed 10-Year Lease
  • Recent Capital Improvements and Tenant Build-Out Completed
  • Strategic Location - Corporate Woods Business Park | Close Proximity to I-94
  • Strong Demographics | Average Household Income of $195,871 Within a Five-mile Radius

Exclusively Listed By

Office Warehouse

825 Corporate Woods Pkwy

Listing Price: $2,650,000

Cap Rate
7.32%
Gross SF
22,155
Price/Gross SF
$119.61
Lot Size
2.36 acres
Year Built
1998
Rentable SF
22,155

Investment Highlights

  • Single-Tenant Net Leased Industrial Flex Investment Offering
  • Long-Term Passive Investment | Newly Executed 10-Year Lease
  • Recent Capital Improvements and Tenant Build-Out Completed
  • Strategic Location - Corporate Woods Business Park | Close Proximity to I-94
  • Strong Demographics | Average Household Income of $195,871 Within a Five-mile Radius

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 825 Corporate Woods Pkwy, a single tenant, net leased, industrial flex investment offering located in Vernon Hills, IL. The property resides in the Corporate Woods business park in the north suburbs of Chicago and sits in close proximity to Interstate-94, offering interstate access to downtown Chicago, O’Hare International Airport, and the greater Chicagoland area. The subject property totals 22,155 square feet, consisting of 12,129 square feet of office space and 10,026 square feet of warehouse space. The property is fully occupied by Eastek International Corporation, an international manufacturing services company that offers medical devices, prototyping, injection molded plastics, tooling design, fabrication, assembly, metal stamping, logistics, and telecommunication services worldwide. Eastek International Corporation recently executed a new ten-year net lease that commences upon Eastek taking occupancy of the property on September 1st, 2024, following the completion of the current capital and tenant improvements. The lease operates on a triple net structure, landlord only responsible for repair and replacement of roof and structure, with 3% annual rent increases and two five-year extension options, offering a long-term stable and passive investment. The purchase of this offering presents an investor with the opportunity to acquire a long-term, passive industrial flex investment with recently completed improvements in the affluent north suburbs of Chicago. At the current list price of $2,650,000, the offering generates an in-place net operating income of $193,856 which equates to a capitalization rate of 7.32%.

Exclusively Listed By

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