The Colliers | Chicago Office Capital Markets Team as the exclusive agent for the Owner is pleased to present this investment sale opportunity for ITECH at Amhurst, a 58,716 square foot single-story office building, located at 1507-1551 S. Waukegan Road in Waukegan, Illinois. The Property is currently 52% leased, with the in-place leases offering an investor stabilized cash flow with a Weighted Average Lease Term (WALT) of 5.4 years. The building is located on 7+ acres and offers an above market parking ratio of 6.2/1000 square feet. Given its flexibility to accommodate office, light industrial and lab space, the Property has been a go to location for tenants seeking a convenient location to serve both its office and R&D requirements.
I-Tech at Amhurst is located within the 432-acre commercial development known as Amhurst Lake Business Park located in Waukegan, Illinois. This business park is known for providing a range of industrial and office spaces suitable for various types of businesses. Its location offers convenient access to key transportation routes, such as I-94 and Route 120, Route 137, Route 41 and Waukegan Road making it an ideal spot for companies needing good logistical connections. The area has a mix of light industrial, office, and research-and-development spaces.