935 Lakeview Pky - Office FOR SALE


Vernon Hills, IL 60061
$4,350,000 USD
312-523-8237
935 Lakeview Pky, Vernon Hills, IL for Sale
$4,350,000 USD
Office - FOR SALE
1/19
null | Request Cap Rate

935 Lakeview Pky
Vernon Hills, IL 60061


HIGHLIGHTS

  • 95% leased with 4.5 years of weighted average lease term (WALT) between six tenants
  • Medical/Retail tenants represent 42% of the occupancy, but 51% of the WALT
  • Roofs were replaced in Nov-2013 with a warranty until 12/02/2028
  • Good existing condition: Ares and Aged In Oak deals were done with no tenant improvement allowance
  • Lake County tax advantage
  • The property benefits from the close proximity to Hawthorne Mall

OVERVIEW

CBRE Capital Markets, Investment Properties, has been retained by Ownership as exclusive advisor and agent to sell 100% fee simple interest in 935 Lakeview Parkway, (“the Property”), Vernon Hills (Lake County), Illinois. The Property is a 46,931 square foot mixed-use building situated on a 4.10 acre site within Hawthorne Business Park. The building is in close proximity to Hawthorn Mall, where a $252 million redevelopment is in process. The plan is to transform the once enclosed mall into a upscale, state of the art outdoor entertainment and, dining and retail venue. The Property enjoys many advantages including – a southern Lake County location, extraordinary access to area amenities and labor, and a strong tenant base that includes medical, retail and office use.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hawthorn Business Park

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

125

LAND DETAILS

LAND ACRES

4.1 AC

LAND SF

178,596 SF

ZONING

B-1

APN/PARCEL ID

11-33-302-049

ASK ABOUT THIS PROPERTY

Kevin KobeCBREMore Info
312-523-8237

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

Kevin KobeCBREMore Info
312-523-8237

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