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3350 W Salt Creek Lane - Arlington Business Center, Arlington Heights, IL
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3350 W Salt Creek Lane - Arlington Business Center
Arlington Heights, IL 60005-5023 - Northwest Cook Ind Submarket
3.9 AC (169,884 SF)
Total Space Avail:
164 Surface spaces are available; Ratio of 4.24/1,000 SF
Property has 38,687 square feet, was built in 1985 and is approximately 85% office space. It is 47% leased to three tenants. Property is priced for a “value-add” investor. Alternatively, it offers prime location to a user needing up to 15,689 square feet of contiguous space.
Property attracts tenants like Meadows Credit Union and Davenport Chiropractic, which need the access, exposure and identity of a retail site. Traffic counts on Rte. 53 and Euclid Ave are 125,900 and 24,900 daily trips respectively. The building’s third tenant is a printer owned by the race track. Surrounding communities have a large tenant base-over 6.4 million square feet of office and 5.1 million square feet of flex/showroom space. Arlington Heights is a pro-business community.
Office/showroom buildings offer low cost space to value-oriented users. Tenants have 24/7 access and control their own HVAC and cleaning. Common area is only 1% of total space. User/investors have tenants pay their occupancy costs and build equity for retirement.
As property is bank owned, seller is offering it for sale in “as is” condition. Offers should explain how purchaser will address existing conditions, including capital expenditures for the roof and the older rooftop HVAC units
CLICK HERE TO CONTACT THE LEASING BROKER
FOR LEASE CONTACTS
Avalon Realty Associates, L.L.C.
Carlo J Santucci
(847) 506-1000 x5132
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