2010 S Arlington Heights Rd 38,864 SF 81% Leased Office Building Arlington Heights, IL 60005 $3,072,489 ($79.06/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Value Add Opportunity
- Located within 2.5 miles of Northwest Community Hospital
- Strategic Location
- Annual Increases
- Offered Below Replacement Cost - $77 PSF
- Chicago MSA
EXECUTIVE SUMMARY
The landlord has recently executed one new lease with Care Access. The Property continues to have strong leasing activity. A new investor can continue to enhance the overall yield by continuing to lease-up the remaining vacancy at the park and lift rental rates over their hold period.
The Arlington Heights Medical Office is highlighted by a number of factors, including an impressive tenant roster, tremendous leasing velocity, and an exceptional healthcare
location amidst a highly desirable patient population.
The Property is strategically located only 2.5 miles from Northwest Community Hospital. The hospital is a 509-bed acute care facility, that serves 200,000 outpatients and
20,000 inpatients annually. Northwest Community Hospital houses a Level III NICU, Level II Trauma Center, and a dedicated pediatric emergency department.
PROPERTY FACTS
AMENITIES
- Atrium
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Health Care and Social Assistance
- -
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$9.99
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Lorem Ipsum
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Jan 0000
Advanced Reproductive Center delivers quality fertility care and the highest chance of success, at the lowest possible price.
- AxisCare
- Health Care and Social Assistance
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99,999 SF
-
$9.99
- -
-
Jan 0000
- Dr. Aranas Hair Transplant
- Health Care and Social Assistance
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99,999 SF
-
$9.99
- -
-
Jan 0000
- Ideal Family Health Center
- Health Care and Social Assistance
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99,999 SF
-
$9.99
- -
-
Jan 0000
-
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
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Jan 0000
Nihon Clinic is an integrated multi-specialty clinic established to meet the medical needs of Japanese people working and living in the United States. Currently, Nihon Clinic has two branches for Japanese expatriates. Both locations provide patients with meticulous, comprehensive medical services. Our professional staff is able to address all of the patient’s medical needs and help each patient remain healthy while living abroad. Nihon Clinic's highly trained medical and professional personnel are committed to your health and well-being. Our patients enjoy state-of-the-art medical care in a patient-friendly setting
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| AxisCare | Health Care and Social Assistance | 99,999 SF | $9.99 | - | Jan 0000 | |
| Dr. Aranas Hair Transplant | Health Care and Social Assistance | 99,999 SF | $9.99 | - | Jan 0000 | |
| Ideal Family Health Center | Health Care and Social Assistance | 99,999 SF | $9.99 | - | Jan 0000 | |
|
|
Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Former therapy office. Multiple larger therapy rooms, multiple private rooms, general office area, 2 private bathrooms, plumbing throughout. This is Lower Level space. Please refer to floor plan in brochure.
Waiting room, reception area, 2 exam rooms with sinks, lab area, 2 private offices, break room, storage areas and 1 private bathroom. Available 9/1/22. Please refer to floor plan in brochure.
Space will be gutted and available for a full, custom build-out.
Waiting room, admin office, 4 exam rooms with sinks, 2 exam rooms/offices without sinks, nurse's station with sink, private bathroom. Please refer to floor plan in brochure.
| Space | Size | Space Use | Condition | Available |
| Lower Level-Ste 41/45 | 4,144 SF | Office/Medical | Full Build-Out | Now |
| 1st Fl-Ste 100 | 1,335 SF | Office/Medical | Partial Build-Out | Now |
| 2nd Fl-Ste 200 | 1,565 SF | Office/Medical | Shell Space | 30 Days |
| 2nd Fl-Ste 235 | 1,742 SF | Office/Medical | Partial Build-Out | Now |
Lower Level-Ste 41/45
| Size |
| 4,144 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size |
| 1,335 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 1,565 SF |
| Space Use |
| Office/Medical |
| Condition |
| Shell Space |
| Available |
| 30 Days |
2nd Fl-Ste 235
| Size |
| 1,742 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,092,217 | |
| Land Assessment | $804,511 | Total Assessment | $1,896,728 |
