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Office

South Barrington Office Center

33 W Higgins Rd, South Barrington, IL 60010

Listing Price: $9,900,000

Cap Rate
9.40%
Rentable SF
108,000
Lot Size
10.87 acres
Year Built
1981

Investment Overview

The “South Barrington Office Center” (property) presents investors with the opportunity to acquire a well-stabilized, cash-flowing single-story suburban office portfolio in one of Chicago’s most affluent Northwest communities. The property is comprised of Ten Single-Story buildings totaling 108,340 square feet across 63 individual Suites, situated on 10.87 Acres of Land fronting Higgins Road with direct-line-of-site visibility to Interstate 90. The investment opportunity is currently ninety-four (94%) percent leased to a diverse mix of Medical, Professional, and Service-oriented tenants, offering a durable income stream with tenants committed until 2027 at the earliest.

Listed at $9,900,000 ($91 PSF), the investment provides an attractive 9.55% going-in Cap Rate and 12.16% Leveraged Cash-on-Cash return based on a Yearly (12-month-forward) NOI of $945,848. Conservative financing assumptions with a 65 percent loan-to-value ratio and 1.85 times DSCR further strengthen the property’s stable cash flow profile. The current Rent Roll demonstrates consistent tenant demand and retention, supported by recent leasing success and well-balanced lease expirations.

The property has seen exceptional leasing activity in 2025, with 22 new leases signed since March and 8 Renewals since June, reflecting robust demand for well-located, affordable suburban office space. Average rents on new leases are $18.50 per square foot, indicating substantial room for rent growth. Base year stops in leases protect new ownership from expense increases. Positioned just west of The Arboretum of South Barrington, a premier open-air lifestyle center with upscale retail, dining, and entertainment, the property benefits from strong regional traffic, affluent demographics, and convenient access to Route 59, Barrington Road, and Interstate 90. Located in a fantastic, affluent area, South Barrington Office Center offers investors an opportunity to acquire a proven, income-producing suburban office asset with both strong in-place returns and long-term upside potential.

Investment Highlights

  • Ninety-Four (94%) Percent leased to a mix of Medical, Professional, and Service tenants (with only 5 suites currently vacant.)
  • Offered at an attractive Nine and a Half (9.40%) percent cap rate and 10.16% Leveraged Cash-on-Cash returns.
  • 24 New Leases and 8 Renewals signed in 2024 and 2025 showing strong leasing demand.
  • Prime location with Interstate 90 frontage near The Arboretum of South Barrington.
  • Attractive Market Segment - Suburban Single-Story Office Occupancy rates have dramatically outpaced the overall multi-story office leasing market.
  • Property recently upgraded with all-new parking lots, several roofs and new interior buildouts, as well as a recent reduction to the Real Estate Property Taxes.
  • A VALUE for Quality Single-Story Office Buildings in an affluent demographic for only $91 PSF.

Exclusively Listed By

  • John Abuja, CCIM

    Senior Managing Director Investments

    (312) 327-5412

    Email John

    License(s): IL: 471.007675

    Chicago Downtown

Office

South Barrington Office Center

Listing Price: $9,900,000

Cap Rate
9.40%
Rentable SF
108,000
Lot Size
10.87 acres
Year Built
1981

Investment Highlights

  • Ninety-Four (94%) Percent leased to a mix of Medical, Professional, and Service tenants (with only 5 suites currently vacant.)
  • Offered at an attractive Nine and a Half (9.40%) percent cap rate and 10.16% Leveraged Cash-on-Cash returns.
  • 24 New Leases and 8 Renewals signed in 2024 and 2025 showing strong leasing demand.
  • Prime location with Interstate 90 frontage near The Arboretum of South Barrington.
  • Attractive Market Segment - Suburban Single-Story Office Occupancy rates have dramatically outpaced the overall multi-story office leasing market.
  • Property recently upgraded with all-new parking lots, several roofs and new interior buildouts, as well as a recent reduction to the Real Estate Property Taxes.
  • A VALUE for Quality Single-Story Office Buildings in an affluent demographic for only $91 PSF.

Investment Overview

The “South Barrington Office Center” (property) presents investors with the opportunity to acquire a well-stabilized, cash-flowing single-story suburban office portfolio in one of Chicago’s most affluent Northwest communities. The property is comprised of Ten Single-Story buildings totaling 108,340 square feet across 63 individual Suites, situated on 10.87 Acres of Land fronting Higgins Road with direct-line-of-site visibility to Interstate 90. The investment opportunity is currently ninety-four (94%) percent leased to a diverse mix of Medical, Professional, and Service-oriented tenants, offering a durable income stream with tenants committed until 2027 at the earliest. Listed at $9,900,000 ($91 PSF), the investment provides an attractive 9.55% going-in Cap Rate and 12.16% Leveraged Cash-on-Cash return based on a Yearly (12-month-forward) NOI of $945,848. Conservative financing assumptions with a 65 percent loan-to-value ratio and 1.85 times DSCR further strengthen the property’s stable cash flow profile. The current Rent Roll demonstrates consistent tenant demand and retention, supported by recent leasing success and well-balanced lease expirations. The property has seen exceptional leasing activity in 2025, with 22 new leases signed since March and 8 Renewals since June, reflecting robust demand for well-located, affordable suburban office space. Average rents on new leases are $18.50 per square foot, indicating substantial room for rent growth. Base year stops in leases protect new ownership from expense increases. Positioned just west of The Arboretum of South Barrington, a premier open-air lifestyle center with upscale retail, dining, and entertainment, the property benefits from strong regional traffic, affluent demographics, and convenient access to Route 59, Barrington Road, and Interstate 90. Located in a fantastic, affluent area, South Barrington Office Center offers investors an opportunity to acquire a proven, income-producing suburban office asset with both strong in-place returns and long-term upside potential.

Exclusively Listed By

  • John Abuja, CCIM

    Senior Managing Director Investments

    (312) 327-5412

    Email John

    License(s): IL: 471.007675

    Chicago Downtown

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