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Office Medical

2010 Professional Building

2010 S Arlington Heights Rd, Arlington Heights, IL 60005

Listing Price: $3,167,480

Cap Rate
8.17%
Gross SF
38,864
Rentable SF
38,864
Price/Gross SF
$81.50
Occupancy
83.8%
Year Built
1973
Lot Size
2.43 acres

Investment Overview

Marcus & Millichap is pleased to present the 2010 Professional Building, a medical office building located in Arlington Heights, Illinois. The building, at over 38,000 square feet is 84% occupied by medical tenants. The upside to this offering is to complete leasing up the building, upgrade existing leases and start to recapture some of the expenses for the property. The property's upgrades during the tenure of the current ownership include a new HVAC system in 2021, a new elevator, new tile in the first floor corridors and many updated suites. A new investor could continue these upgrades and to drive tenants to the building. Arlington Heights is an attractive destination for homebuyers, shoppers, businesses and visitors with its dynamic economy, award-winning schools, library, park district, a highly-acclaimed Northwest Community Hospital. With an A+ rating on Areavibes, Arlington Heights is very safe, with its general crime rate being 66% lower, violent crime rate being 90% lower, and property crime being 62% lower than the national average. The village is one of the top 15 largest municipalities in Illinois, featuring a unique blend of old and new. It’s a progressive community that people are proud to call home and where young families like to establish their roots for generations to come. It’s a community that offers vibrancy and interest.

Investment Highlights

  • All Medical Tenants
  • Average Household Income is Over $100,000 Within One Mile
  • 84% Occupied | Value-Add Component

Exclusively Listed By

Financing By

Listing Price: $3,167,480

Cap Rate
8.17%
Gross SF
38,864
Rentable SF
38,864
Price/Gross SF
$81.50
Occupancy
83.8%
Year Built
1973
Lot Size
2.43 acres

Investment Highlights

  • All Medical Tenants
  • Average Household Income is Over $100,000 Within One Mile
  • 84% Occupied | Value-Add Component

Investment Overview

Marcus & Millichap is pleased to present the 2010 Professional Building, a medical office building located in Arlington Heights, Illinois. The building, at over 38,000 square feet is 84% occupied by medical tenants. The upside to this offering is to complete leasing up the building, upgrade existing leases and start to recapture some of the expenses for the property. The property's upgrades during the tenure of the current ownership include a new HVAC system in 2021, a new elevator, new tile in the first floor corridors and many updated suites. A new investor could continue these upgrades and to drive tenants to the building. Arlington Heights is an attractive destination for homebuyers, shoppers, businesses and visitors with its dynamic economy, award-winning schools, library, park district, a highly-acclaimed Northwest Community Hospital. With an A+ rating on Areavibes, Arlington Heights is very safe, with its general crime rate being 66% lower, violent crime rate being 90% lower, and property crime being 62% lower than the national average. The village is one of the top 15 largest municipalities in Illinois, featuring a unique blend of old and new. It’s a progressive community that people are proud to call home and where young families like to establish their roots for generations to come. It’s a community that offers vibrancy and interest.

Exclusively Listed By

Financing By

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