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DESCRIPTION

This professionally managed, 100% fully leased, office building has 22,800 of gross rentable sf or 19,725 of net rentable sf, of professional office spaces on three levels. The entire top floor has been leased by a Texas energy company (for the past ten years) that has been in business for 32 years. They have recently indicated that they will renew for another three year lease term or they are willing to vacate the space for a buyer wishing to occupy their 7,135 sf (net), 7,600 sf (gross) of office space. The entire lower level is leased by a direct selling retail marketer that has been in the building for nine years. The first floor has four tenants, one of which has been there six years. All floors have women and men bathrooms. The second floor has a full kitchen area.

KEY DETAILS
  • Price:
  • $3,300,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • 22,800
  • Acreage:
  • 1.60
  • Year Built:
  • 2003
  • MLS #:
  • MRD11051038
  • Street Address:
  • 425 Quadrangle Dr
  • City:
  • Bolingbrook
  • State:
  • IL
  • Postal Code:
  • 60440
  • County:
  • Will
  • Area:
  • Bolingbrook
  • Listing Status:
  • For Sale - Active

Building

  • Foundation:
  • Concrete Perimeter
  • Leasable Square Feet:
  • 22800
  • Number Of Units:
  • 6
  • Stories:
  • 3
  • Total Building Square Footage:
  • 22800
  • Year Built:
  • 2003

Business

  • Gross Income:
  • 332114
  • Net Operating Income:
  • 231595
  • Operating Expense:
  • 100519

Land

  • Conforms To Zoning:
  • Offic
  • Existing Land Use:
  • Commercial
  • Lot Square Footage:
  • 69696
  • Suitable Use:
  • Commercial

Listing

  • Days On Market:
  • 122
  • Originating Mls:
  • Mred
  • Previous Listing Price:
  • 3650000

Money

  • Property Taxes:
  • $53,648
  • Tax Year:
  • 2019
  • Tenant Pays:
  • Varies By Tenant

Systems

  • Cooling System:
  • Central Air
  • Electricity:
  • Circuit Breakers, 201-600 Amps

Source

  • Listing Provided By Brummel Properties

    ILMRED
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