This property is Off-Market
902 Feehanville Drive
Mount Prospect, IL 60056 ·
49,853 SF · Office For Sale
Office Property For Sale
|Building Size||49,853 SF||Building Class||C|
|Property Sub-type||Office-Business Park||Year Built||1983|
|Property Use Type||Investment||Lot Size||3.61 AC|
|Cap Rate||9.02%||Parking Ratio||2.10 / 1,000 SF|
|Listing ID: 17616079||Date Created: 04/13/2012||Last Updated: 11/07/2012|
As exclusive agent, CBRE is offering for sale this 49,853 square foot office/research/manufacturing building leased by Avery Dennison for its Reflective Films Division.
- $3,900,000 ($78 PSF)
- Investment grade tenant with 5 year term
- New roof, new parking lot and 4 HVAC units
- 20 year tenant with substantial capital investment in building
- 9.02% cap rate
The property is a headquarters location for the Reflective Films Division, serving the company' s national and international clients. Office and lab space comprise 23% of the building' s area. The balance of the space is used for the manufacture of high performance reflective films for transportation, signage and traffic-safety markets. Its products include raised reflective pavement markers, work zone markers, highway delineators and vinyl materials for banner signs.
- Attractive business park setting
- Prestigious neighbors
- At center of Chicago's transporation network
- O'Hare area
- Available labor force
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