Property Listing No Longer Available for Sale

707 Remington Road, Schaumburg, IL

Industrial for Sale - $2,750,000 - 50,000 Sq. Ft. on 2.5 acres


Property Info

CIMLS#961046
Location
  707 Remington Road
  Schaumburg IL 60173
UpdatedFebruary 13th, 2018
TypeIndustrial
Price$2,750,000
Building50,000 Sq. Ft.
Land2.5 acres

Property Description

Multi-tenant industrial property located within the Woodfield Business Center in Schaumburg. The building consists of 10 units over 50,000 square feet and is currently 90% occupied by a strong mix of Tenants, including long time Tenant Patrick BMW, who recently expanded and leases 40% of the building. Each unit features private overhead doors, along with access to three (3) shared interior docks in the rear of the building. The property features 18' clear ceiling heights, 117 parking spaces on-site, and convenient accessibility, located just two (2) miles from the I-90/I-290 Interchange. In-place NOI at the 90% occupancy level is approximately $219,00, with the ability to add value through lease-up of the remaining vacancy.

Location Description:

The property is located within the Woodfield Business Center, a business park in Schaumburg, IL. The property is accessible via Interstate 90 (I-90), approximately 1.5 miles to the north. Woodfield Mall is located approximately 2 miles to the east.

Highlights:

>> Currently producing an NOI of approximately $219,000 at the 90% occupancy level

>> The facility features 18' clear ceiling heights, providing a competitive advantage in a predominantly 16' clear or below business park

>> Extremely well located within the Woodfield Business Center in Schaumburg, less than two (2) miles from the I-90/I-290 Interchange

>> Long time Tenant, Patrick BMW recently expanded into another unit and now leases four (4) units

>> Common area Interior docks in the rear of the building are accessible through the rear exits of each individual unit

>> Each unit features its own overhead door

>> Parking for 117 vehicles on-site

>> Within two (2) miles of Woodfield Mall, the premier shopping center in the western suburbs

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Financials


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