The Burr Ridge Business Center is a well-maintained, three-story office building totaling 62,148 Rentable Square Feet, located in the affluent and highly desirable suburb of Burr Ridge, Illinois. The property features elegant architectural finishes, including a classic marble and mahogany lobby, and offers flexible suite sizes, catering to a diverse mix of professional tenants.
Strategically positioned with immediate access to I-55 via County Line Road and close proximity to the Tri-State Tollway, the property benefits from excellent regional connectivity. The surrounding area boasts a rich amenity base with numerous restaurants, hotels, health clubs, and service-oriented businesses, enhancing tenant appeal and leasing velocity.
Currently 82% leased and priced off of actual in-place income, the asset offers strong in-place cash flow with upside potential through the lease-up of remaining vacancy. Upon stabilization to 95% occupancy, the property is projected to deliver a highly attractive Cap Rate of 14.38% and a Cash-on-Cash Return of 17.15%.
Opportunistic Upside - Stabilizes to a 14% CAP and 17% Cash-on-Cash Return