708-267-7883
800 E Business Center Dr, Mount Prospect, IL for Sale
Industrial - FOR SALE
1/5
null | 5.5% Cap Rate

800 E Business Center Dr
Mount Prospect, IL 60056
Des Plaines/Arlington Hts Corridor


OVERVIEW

Located just outside Elk Grove Village at 800 Business Center Dr., Mount Prospect, IL. The single-tenant data center has an investment grade tenant with 4.5 years of term remaining and 2.7 MW critical. With a below market rental rate, we see this asset as having significant upside upon renewal or non-renewal scenarios. - 46% below market rental rate - Valued below replacement cost -4.5-Year NNN lease term remaining; LXP 1/31/2031 -Investment grade tenant: Databank -Significant upside in renewal and non-renewal scenario

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ORD3

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

166

LAND DETAILS

LAND ACRES

5.41

LAND SF

235,660

ZONING

-

APN/PARCEL ID

03-35-104-041-0000

ASK ABOUT THIS PROPERTY

Alex SmithCushman & WakefieldMore Info
708-267-7883

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Alex SmithCushman & WakefieldMore Info
708-267-7883

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