Description
INVESTMENT OPPORTUNITY * 23,088 SF OFFICE BUILDING Attractive multi-tenant 2-story brick corporate office building on Route 14 in Crystal Lake at signalized intersection. Anchor tenant is Chicago Title and Trust. New roof in 2017. Mature landscaping and 70 car parking. Tenants pay heat and electric. Landlord pays for air conditioning. 9.4 % Proforma CAP rate with 5% vacancy factor. Current 9.15% cap with only 8% vacant (3 small units on the 2nd floor). Ask broker for confidential operating statement and rent roll. Seller is a licensed real estate broker.
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0BEDS
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1.24ACRES
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0BATHS
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01/2 BATHS
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23,088SQFT
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$95$/SQFT
School Ratings & Info
Description
INVESTMENT OPPORTUNITY * 23,088 SF OFFICE BUILDING Attractive multi-tenant 2-story brick corporate office building on Route 14 in Crystal Lake at signalized intersection. Anchor tenant is Chicago Title and Trust. New roof in 2017. Mature landscaping and 70 car parking. Tenants pay heat and electric. Landlord pays for air conditioning. 9.4 % Proforma CAP rate with 5% vacancy factor. Current 9.15% cap with only 8% vacant (3 small units on the 2nd floor). Ask broker for confidential operating statement and rent roll. Seller is a licensed real estate broker.
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