This Office Property is Off-Market.

902 Feehanville Drive
Mount Prospect, IL 60056 ·

49,853 SF · Office For Sale

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Office Property For Sale

Price N/A No. Stories 1
Building Size 49,853 SF Building Class C
Property Type Office Tenancy Single
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
Occupancy 100%
Listing ID: 17616079 Date Created: 04/13/2012 Last Updated: 11/07/2012

Description

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

Research

902 Feehanville Drive, Mount Prospect, IL 60056 (Cook County)

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