VALUE ADD OPPORTUNITY - The 2010 Professional Building presents a prime value-add investment and user acquisition opportunity, with 78% occupancy and strong potential for stabilization. At full occupancy, the projected NOI increases by 28% to $295,047, unlocking significant upside potential.
OFFERED BELOW REPLACEMENT COST - At a price of just $77 PSF, the Property is offered at significantly below replacement cost.
SUPERIOR DEMOGRAPHICS - The population within a three (3) mile radius is 105,478 with an average household income of $125,435.
ATTRACTIVE ANNUAL INCREASES - Each lease features attractive annual increases between 1.5-3% through the remaining primary terms offering a strong hedge against inflation, income growth, and the potential for value appreciation.
STRATEGIC LOCATION - The Property is within a prime location for a medical office due to its proximity to Northwest Community Hospital, easy access via I-90, and a strong local demographic. The area offers a high quality of life with reputable schools, thriving businesses, and a well-connected transportation network, making it an attractive destination for healthcare services.
RECENT CAPITAL EXPENDITURES - In 2024, the Property underwent extensive renovations, including a major roof overhaul, installation of a new heat pump and chiller, restriping and resealing of both parking areas, an upgraded monument sign, refreshed interior common areas, and improved third-floor access. These capital improvements enhance the property's overall condition, significantly reducing near-term capital requirements.
TREMENDOUS ACCESS & VISIBILITY - The Property is located directly along Arlington Heights Road, a major thoroughfare with over 30,000 vehicles per day, providing exceptional visibility and exposure. Convenient front/back ingress and egress options ensure seamless accessibility, enhancing connectivity to nearby residential neighborhoods and business centers.
CHICAGO MSA - The Property is located less than 25 miles west of downtown Chicago, the third-most populous metropolitan area in the U.S. Chicago is an economic powerhouse, with the third-largest gross metropolitan product in the U.S. at $679 billion, making it equivalent to the 21st-largest economy in the world.
