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350 Congress Parkway - Crystal Lake Business Ctr - Congress Professional Center I, Crystal Lake, IL

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350 Congress Parkway - Crystal Lake Business Ctr - Congress Professional Center I

NWC Congress Pkwy & Federal Dr
Crystal Lake, IL 60014-6284 - Far Northwest Submarket


Property Type:Office Sub Type:Medical Status:Existing Year Built:1999
Stories:1 Typical Floor:17,662 SF Building Size:17,662 SF
% Leased:
For Sale Price:For Sale Price/SF:-
Cap Rate:10.00 %
Smallest Space:6,504 SF Largest Space:6,504 SF Total Space Avail:6,504 SF Rent/SF/Yr:
$14.95
Portfolio:This property is for sale (for $5,525,000) as part of a portfolio of 2 properties. Parking:85 Surface spaces are available; Ratio of 4.8/1,000 SF Amenities:Air Conditioning, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
6,504 SF
$14.95/SF/Yr
Vacant
3-5 yrs
Office/Medical
 
10047122
Floor Plan
  
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
6,504 SF
$14.95/SF/Yr
Vacant
3-5 yrs
Office/Medical
Adjacent to Crystal Lake Post Office, Metra Train Station. Close to Hotels, Resturaunts, Retail. Class A Interior Finish.


Sale Notes:
The property is comprised of two office/medical professional buildings consisting of 48,429 square feet. These institutional quality buildings were built in 1999/2000. Currently the property is 77% leased to a well-diversified roster of corporate and regional tenants. This acquisition will provide an investor with a low risk, above average returns with first year cash on cash at 18.35% with 25% down payment. One very larger perk is that ownership will master lease the current vacancy for 1 year.

Located in the Crystal Lake Business Center in Crystal Lake, IL. a Northwest Suburb of the Chicago Metro area. Its location and attributes make it the premier business park in the McHenry County area.


Newmark Grubb | Phoenix Realty Group
Rich Antczak
(630) 747-5282

  
Newmark Knight Frank
Thomas Gath
(773) 957-1415


Entre Commercial Realty LLC
Daniel J Benassi
(847) 310-4298

Mike DeSerto
(224) 588-3026

Cory Kay
(224) 532-2497



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