Office

Royce Road Office Center

109 Royce Rd, Bolingbrook, IL 60440

Listing Price: $950,000

Cap Rate
7.57%
Gross SF
4,461
Rentable SF
4,461
Price/Gross SF
$212.96
Lot Size
0.34 acres
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present Greenway Office Center. This multi-tenant office building has seen a complete renovation in the last year. Some of the updates made were:

Windows and doors were replaced, three rooftop units were replaced, interior reconfigured to accommodate four tenants, new plumbing, all exterior walls and ceiling insulation replaced, smart meter thermostat system installed, all new flooring, Cat6 wiring ready, new step railings, electric meters separated for four units, all interior lighting with LED, added private restrooms to units A and C; to name a few.

The property is located in Bolingbrook, Illinois at the lighted intersection of Illinois Route 53 and Royce Road. Demographics in the area very strong with a growing population and strong median household income that is growing.

Investment Highlights

  • 100 Percent Occupancy
  • Three and Five Year Lease Terms
  • Conveniently Located Off of Illinois Route 53
  • Projected 18.64 Percent Growth in Median Household Income in Five Years

Exclusively Listed By

Financing By

Listing Price: $950,000

Cap Rate
7.57%
Gross SF
4,461
Rentable SF
4,461
Price/Gross SF
$212.96
Lot Size
0.34 acres
Year Built
1980

Investment Highlights

  • 100 Percent Occupancy
  • Three and Five Year Lease Terms
  • Conveniently Located Off of Illinois Route 53
  • Projected 18.64 Percent Growth in Median Household Income in Five Years

Investment Overview

Marcus & Millichap is pleased to present Greenway Office Center. This multi-tenant office building has seen a complete renovation in the last year. Some of the updates made were:

Windows and doors were replaced, three rooftop units were replaced, interior reconfigured to accommodate four tenants, new plumbing, all exterior walls and ceiling insulation replaced, smart meter thermostat system installed, all new flooring, Cat6 wiring ready, new step railings, electric meters separated for four units, all interior lighting with LED, added private restrooms to units A and C; to name a few.

The property is located in Bolingbrook, Illinois at the lighted intersection of Illinois Route 53 and Royce Road. Demographics in the area very strong with a growing population and strong median household income that is growing.

Exclusively Listed By

Financing By

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