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Office

Woodfield Grove

830-890 E. Higgins Rd, Schaumburg, IL 60713

Listing Price: $5,600,000

Cap Rate
9.00%
Gross SF
63,345
Rentable SF
63,345
Price/Gross SF
$88.40
Lot Size
5.50 acres
Year Built
1976

Investment Overview

Marcus & Millichap is pleased to present Woodfield Grove Business Center, a total of 63,345 square feet between four (4) well-maintained single-story office buildings located at 830-890 East Higgins Road in Schaumburg, Illinois. The buildings were constructed in 1976 and remodeled in 2015. The opportunity is composed of four buildings varying in size on a five-and-a-half acre lot. The buildings offer 240 car parking spaces, lush landscaping, and an attractive location. Some notable establishments within a one-mile radius include Woodfield Mall, Lifetime Fitness, and Bank of America, demonstrating the high value of this retail area. Woodfield Grove Business Center is 92% occupied with a diverse roster of over 100 tenants. This property has demonstrated above market occupancy especially throughout COVID and has consistently outperformed the overall Woodfield office market by double digits.

Investment Highlights

  • Four Single-Story Office Buildings
  • Constructed in 1976 and Renovated in 2015
  • Close Proximity to Woodfield Mall

Exclusively Listed By

Financing By

Listing Price: $5,600,000

Cap Rate
9.00%
Gross SF
63,345
Rentable SF
63,345
Price/Gross SF
$88.40
Lot Size
5.50 acres
Year Built
1976

Investment Highlights

  • Four Single-Story Office Buildings
  • Constructed in 1976 and Renovated in 2015
  • Close Proximity to Woodfield Mall

Investment Overview

Marcus & Millichap is pleased to present Woodfield Grove Business Center, a total of 63,345 square feet between four (4) well-maintained single-story office buildings located at 830-890 East Higgins Road in Schaumburg, Illinois. The buildings were constructed in 1976 and remodeled in 2015. The opportunity is composed of four buildings varying in size on a five-and-a-half acre lot. The buildings offer 240 car parking spaces, lush landscaping, and an attractive location. Some notable establishments within a one-mile radius include Woodfield Mall, Lifetime Fitness, and Bank of America, demonstrating the high value of this retail area. Woodfield Grove Business Center is 92% occupied with a diverse roster of over 100 tenants. This property has demonstrated above market occupancy especially throughout COVID and has consistently outperformed the overall Woodfield office market by double digits.

Exclusively Listed By

Financing By

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