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Research and Development

545 E Algonquin Rd

545 E Algonquin Rd, Arlington Heights, IL 60005

Listing Price: $13,000,000

Cap Rate
8.01%
Gross SF
111,667
Price/Gross SF
$116.42
Lot Size
5.56 acres
Year Built
1960
Rentable SF
111,667

Investment Overview

Marcus & Millichap is pleased to present for sale the fee-simple offering of 545 E Algonquin Road, Arlington Heights, Illinois. The subject property is a 111,667 square-foot flex R&D/Data Center facility that is currently 100% occupied by two tenants. The property is located 5 miles from O’Hare International Airport and sits directly off the Interstate 90 and Arlington Heights Road interchange.

Built in 1990, the subject property is currently 100% occupied by two tenants; Intertek Testing Services and GigeNET. Intertek (OTCMKTS: IKTSY) who has a current market cap of $7.75+ billion, is a product testing and certification company. They occupy 85% of the GLA and have been a tenant at the facility since 2004 showing continued long-term commitment. GigeNET is a leading full-service provider dedicated, cloud, hybrid, and colocation hosting solutions. Occupying 15% of the GLA, GigeNET has been a tenant at the property since 2006.

The purchase of this offering provides any investor with a stable and cash-flowing asset that has both credit and committed tenancy. At the current list price of $13,000,000 the offering generates an NOI of $1,041,879 which equates to a capitalization rate of 8.01%.

Investment Highlights

  • Two-tenant flex R&D/Data Center investment opportunity
  • Credit Tenancy | Intertek (OTCMKTS: IKTSY) | $7.75 billion market cap
  • Committed tenancy | Tenants have been at the property since 2004 & 2006
  • Net lease structures | Tenants responsible for pro-rata share of OpEx
  • 20-Year roof warranty and parking lot redone in 2024
  • 5 miles from O'Hare International Airport
  • Affluent submarket | $136,000+ average household income within 5-mile radius

Exclusively Listed By

Research and Development

545 E Algonquin Rd

Listing Price: $13,000,000

Cap Rate
8.01%
Gross SF
111,667
Price/Gross SF
$116.42
Lot Size
5.56 acres
Year Built
1960
Rentable SF
111,667

Investment Highlights

  • Two-tenant flex R&D/Data Center investment opportunity
  • Credit Tenancy | Intertek (OTCMKTS: IKTSY) | $7.75 billion market cap
  • Committed tenancy | Tenants have been at the property since 2004 & 2006
  • Net lease structures | Tenants responsible for pro-rata share of OpEx
  • 20-Year roof warranty and parking lot redone in 2024
  • 5 miles from O'Hare International Airport
  • Affluent submarket | $136,000+ average household income within 5-mile radius

Investment Overview

Marcus & Millichap is pleased to present for sale the fee-simple offering of 545 E Algonquin Road, Arlington Heights, Illinois. The subject property is a 111,667 square-foot flex R&D/Data Center facility that is currently 100% occupied by two tenants. The property is located 5 miles from O’Hare International Airport and sits directly off the Interstate 90 and Arlington Heights Road interchange. Built in 1990, the subject property is currently 100% occupied by two tenants; Intertek Testing Services and GigeNET. Intertek (OTCMKTS: IKTSY) who has a current market cap of $7.75+ billion, is a product testing and certification company. They occupy 85% of the GLA and have been a tenant at the facility since 2004 showing continued long-term commitment. GigeNET is a leading full-service provider dedicated, cloud, hybrid, and colocation hosting solutions. Occupying 15% of the GLA, GigeNET has been a tenant at the property since 2006. The purchase of this offering provides any investor with a stable and cash-flowing asset that has both credit and committed tenancy. At the current list price of $13,000,000 the offering generates an NOI of $1,041,879 which equates to a capitalization rate of 8.01%.

Exclusively Listed By

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