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Business opportunity for sale in Old Mill Creek
USD 3,150,000
Business opportunity (For sale)
15,250 sqft
lot 163,350 sqft
Reference:
EDEN-T92554232
/ 92554232
Paul Proano Properties has been exclusively chosen to market the well-known Hunt Club Professional Building in Gurnee, IL. The subject property is a six-unit 15,088 rentable square foot office building that is currently 77% percent occupied by four tenants. The weighted average lease term of the four tenants is over 7 years. All tenants are operating on triple net leases providing for minimal landlord responsibilities and include annual rent increases as a hedge against inflationary pressures. The two additional vacant suites will give a new potential owner immediate upside through stabilization. Also offered is the additional 20,137 SF or .46 of an acre of vacant buildable commercial land that site behind the parking lot that can be developed into another office property or even rezoned to residential.
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Paul Proano Properties has been exclusively chosen to market the well-known Hunt Club Professional Building in Gurnee, IL. The subject property is a six-unit 15,088 rentable square foot office building that is currently 77% percent occupied by four tenants. The weighted average lease term of the four tenants is over 7 years. All tenants are operating on triple net leases providing for minimal landlord responsibilities and include annual rent increases as a hedge against inflationary pressures. The two additional vacant suites will give a new potential owner immediate upside through stabilization. Also offered is the additional 20,137 SF or .46 of an acre of vacant buildable commercial land that site behind the parking lot that can be developed into another office property or even rezoned to residential.
Paul Proano Properties ha sido elegida en exclusiva para comercializar el conocido Hunt Club Professional Building en Gurnee, Illinois. La propiedad en cuestión es un edificio de oficinas de seis unidades y 15,088 pies cuadrados alquilables que actualmente está ocupado en un 77% por ciento por cuatro inquilinos. El plazo medio ponderado del contrato de arrendamiento de los cuatro inquilinos es de más de 7 años. Todos los inquilinos operan con contratos de arrendamiento de triple neto que proporcionan responsabilidades mínimas para los propietarios e incluyen aumentos anuales de alquiler como cobertura contra las presiones inflacionarias. Las dos suites vacantes adicionales le darán a un nuevo propietario potencial una ventaja inmediata a través de la estabilización. También se ofrecen los 20,137 pies cuadrados adicionales o .46 de un acre de terreno comercial edificable vacante que se encuentra detrás del estacionamiento y que puede convertirse en otra propiedad de oficinas o incluso rezonificarse como residencial.
Paul Proano Properties a été choisi en exclusivité pour commercialiser le célèbre Hunt Club Professional Building à Gurnee, dans l’Illinois. Il s’agit d’un immeuble de bureaux locatif de six logements d’une superficie de 15 088 pieds carrés qui est actuellement occupé à 77 % par quatre locataires. La durée moyenne pondérée des baux des quatre locataires est de plus de 7 ans. Tous les locataires sont exploités sur des baux à triple net qui prévoient des responsabilités minimales du propriétaire et incluent des augmentations de loyer annuelles comme couverture contre les pressions inflationnistes. Les deux appartements vacants supplémentaires offriront un avantage immédiat à un nouveau propriétaire potentiel grâce à la stabilisation. Sont également offerts les 20 137 pieds carrés supplémentaires ou 0,46 acre de terrain commercial constructible vacant situé derrière le stationnement qui peut être aménagé en un autre immeuble de bureaux ou même rezoné en résidentiel.
Reference:
EDEN-T92554232
Country:
US
City:
Gurnee
Postal code:
60031
Category:
Commercial
Listing type:
For sale
Property type:
Business opportunity
Property size:
15,250 sqft
Lot size:
163,350 sqft
Floor:
1
Parkings:
1