800 E Business Center Dr - Industrial FOR SALE
Mount Prospect, IL 60056- Des Plaines/Arlington Hts Corridor |
708-267-7883
800 E Business Center Dr
Mount Prospect, IL 60056
Des Plaines/Arlington Hts Corridor
HIGHLIGHTS
- Fully leased to DataBank, an investment-grade data center operator, under a triple-net lease.
- Lease term extends through January 31, 2031, providing near-term stability and predictable cash flow.
- Current rent is approximately 46% below market, allowing for future revenue growth.
- Surrounded by a concentration of national and global data center operators, reinforcing demand for location.
- Immediate proximity to Interstates 90 and 290, plus convenient access to O’Hare International Airport.
- Priced below replacement cost, enhancing long-term investment security.
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
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
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708-267-7883
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708-267-7883
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