265 Exchange Dr - Office FOR SALE


Crystal Lake, IL 60014- East Suburban McHenry
$8,000,000 USD
847-858-7925
265 Exchange Dr, Crystal Lake, IL for Sale
$8,000,000 USD
Office - FOR SALE
1/30
null | 9.43% Cap Rate

265 Exchange Dr
Crystal Lake, IL 60014
East Suburban McHenry


HIGHLIGHTS

  • 3 story masonry office building with finished lower-level
  • 70% occupancy with 2.87 year WALT
  • Longstanding and diverse tenant base
  • Excellent curb appeal and well maintained by professional building management
  • 568 designated parking spaces with an 8.55/1,000 RSF parking ratio
  • Walking distance to Pingree Road Union Pacific Northwest Metra train station

OVERVIEW

JLL and MRM have been retained by ownership as exclusive advisor and agent to sell 265 Exchange Drive Corporate Center located in Crystal Lake, Illinois (McHenry County). 265 Exchange is professionally maintained and represents an excellent opportunity for a User or an Investor to acquire one of McHenry County's premier office assets at an attractive basis. 265 Exchange is Currently 70% occupied by 8 tenants and is AptarGroup's (NYSE: ATR) corporate headquarters since 2013. AptarGroup occupies 29,483 RSF (44%) with over 3 years of remaining lease term. The property is located just steps away from the Crystal Lake Pingree Road Metra station and is a 5 minute drive to downtown Crystal Lake which offers a wide variety of residential, retail, dining, and entertainment options. Crystal Lake is a growing community offering an excellent quality of life for residents, top ranked schools and a thriving business community. Over 600 new business, 1,000 new housing units, and Mercyhealth hospital joined the Crystal Lake community in 2023. With very limited traditional office space availability in the greater Crystal Lake area, 265 Exchange is an excellent opportunity to acquire a premier office asset in the growing Far Northwest Suburban Chicago market.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$119 USD /SF

CAP RATE

9.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

265 Exchange Corporate Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

568

LAND DETAILS

LAND ACRES

5.4 AC

LAND SF

235,224 SF

ZONING

C

APN/PARCEL ID

19-04-277-002

ASK ABOUT THIS PROPERTY

847-858-7925

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847-858-7925

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