847-997-0770
1507-1551 S Waukegan Rd, Waukegan, IL for Sale
Office/Residential - FOR SALE
1/9
null | Request Cap Rate

1507-1551 S Waukegan Rd
Waukegan, IL 60085


HIGHLIGHTS

  • Nestled in the heart of abundant transportation, educated labor and stable taxes
  • High demand for single-story office creates a huge advantage to attract tenancy
  • Limited office availability makes ITECH the ideal choice for tenants

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ITECH@AMHURST

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

374

LAND DETAILS

LAND ACRES

7.06 AC

LAND SF

307,534 SF

ZONING

R/LI

APN/PARCEL ID

07-36-404-033

ASK ABOUT THIS PROPERTY

Alissa AdlerColliersMore Info
847-997-0770

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Alissa AdlerColliersMore Info
847-997-0770

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.