Investment Opportunity 18,434 SF 2-Story Office Building w/ Heavy Medical Tenancy Silver Lake Professional Building. 2-story masonry office building currently 77% leased. 13 tenants ranging from 160 SF to 3,822 SF with 3 vacancies ranging from 160SF to 1,688 SF. First floor includes common break room, conference room and bathrooms on each floor. Elevator equipped, ample parking . Northwestern Medicine and Cary Grove Dental are anchor tenants. Offered at a 8.9% cap rate based on in place income. Current owner has made $394,000 of upgrades in the last three years. Located next to the Cary Post Office overlooking Jaycee Park pond with Electric monument signage. Seller is a licensed real estate broker. Contact Broker for Rent Roll and Operating Statement.
MLS# | 12201990 |
---|---|
Listing Type | For Sale |
Style | Office Building |
Sub-Type | Resale |
Status | Active |
Year | 1998 |
Days On Site | 109 |
Listing Provided By | Premier Commercial Realty | Bruce Kaplan |
SQ Feet | 18,434 |
---|---|
Story(s) | 2 |
Units | 16 |
Zoning | COMMR |
Acreage | 1.86 |
State | IL |
---|---|
County | McHenry |
City | Cary |
Zip Code | 60013 |
Area | Cary | Oakwood Hills | Trout Valley |
Listing VS Median (in 60013) | |
Price: $1,799,000 low | high Med: $332,450 SqFt: 18,434 low | high Med: 2,206 $ / SqFt: $98 low | high Med: $165 On Site: 109 low | high Med: 289.500000 |