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265 Exchange Corporate Center 265 Exchange Dr 67,034 SF 78% Leased Office Building Crystal Lake, IL 60014 $8,000,000 ($119.34/SF) 9.43% Cap Rate
INVESTMENT HIGHLIGHTS
- 3 story masonry office building with finished lower-level
- Longstanding and diverse tenant base
- 568 designated parking spaces with an 8.55/1,000 RSF parking ratio
- 70% occupancy with 2.87 year WALT
- Excellent curb appeal and well maintained by professional building management
- Walking distance to Pingree Road Union Pacific Northwest Metra train station
EXECUTIVE SUMMARY
The property is located just steps away from the Crystal Lake Pingree Road Metra station and is a 5 minute drive to downtown Crystal Lake which offers a wide variety of residential, retail, dining, and entertainment options. Crystal Lake is a growing community offering an excellent quality of life for residents, top ranked schools and a thriving business community. Over 600 new business, 1,000 new housing units, and Mercyhealth hospital joined the Crystal Lake community in 2023. With very limited traditional office space availability in the greater Crystal Lake area, 265 Exchange is an excellent opportunity to acquire a premier office asset in the growing Far Northwest Suburban Chicago market.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Atrium
- Conferencing Facility
- Property Manager on Site
- Automatic Blinds
- Central Heating
- High Ceilings
- Recessed Lighting
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Suite LL_100 was completely renovated in 2023. Very affordable space offering a tremendous value in one of Crystal Lake's best located and most beautiful office buildings. Walking distance to the Crystal Lake Pingree train station. This space is significantly less expensive than other space in the building due to it being below grade but don't let that stop you from seeing it. It is a fantastic mostly open space with an abundance of natural light due full sized windows and extra large window wells. A Gross lease @ $14.00 per SF (or $7 PSF NNN) is available with no chargebacks at the end of the year for increasing maintenance expenses and real estate taxes. See the pictures and schedule a showing so you can see it for yourself! You won't find a better value for functional office space in the greater Crystal Lake area.
Smallest available space in one of Crystal Lake's premier office buildings. Suite 105 is fully furnished with 6 full sized workstations, one private office and a kitchenette. A gross lease is available at $2,200 per month plus utilities. Usable square footage is 965 SF and Rentable square footage is 1,165. No additional rent for operating expenses or taxes for the duration of the lease term.
Beautifully finished and fully furnished office space with Reception Vestibule, 53 workstations, 2 private offices, Large Conference Room, and fully equipped kitchen with tables and seating included. Recently remodeled new LVT flooring. This prime second floor space with an abundance of natural light on 3 sides of the overall space. This is currently one of two spaces available at 265 Exchange Drive Corporate Center. See pictures and floor plan layout for Suite 206. This suite includes a separate 1,255 square foot fully built-out cafeteria and employee lounge area. A Modified Gross lease is available. Suite 206 is 8,979 RSF (7,493 USF) which includes common areas, foyer, common area bathrooms and amenities). Heat, Air Conditioning, and Water paid by Landlord, tenant only responsible for in-suite electric usage.
| Space | Size | Space Use | Condition | Available |
| Lower Level-Ste 100 | 4,848 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 105 | 1,156 SF | Office | - | Now |
| 2nd Fl-Ste 206 | 8,979 SF | Office | Full Build-Out | Now |
Lower Level-Ste 100
| Size |
| 4,848 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 105
| Size |
| 1,156 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 206
| Size |
| 8,979 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
Lower Level-Ste 100
| Size | 4,848 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Suite LL_100 was completely renovated in 2023. Very affordable space offering a tremendous value in one of Crystal Lake's best located and most beautiful office buildings. Walking distance to the Crystal Lake Pingree train station. This space is significantly less expensive than other space in the building due to it being below grade but don't let that stop you from seeing it. It is a fantastic mostly open space with an abundance of natural light due full sized windows and extra large window wells. A Gross lease @ $14.00 per SF (or $7 PSF NNN) is available with no chargebacks at the end of the year for increasing maintenance expenses and real estate taxes. See the pictures and schedule a showing so you can see it for yourself! You won't find a better value for functional office space in the greater Crystal Lake area.
1st Fl-Ste 105
| Size | 1,156 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Smallest available space in one of Crystal Lake's premier office buildings. Suite 105 is fully furnished with 6 full sized workstations, one private office and a kitchenette. A gross lease is available at $2,200 per month plus utilities. Usable square footage is 965 SF and Rentable square footage is 1,165. No additional rent for operating expenses or taxes for the duration of the lease term.
2nd Fl-Ste 206
| Size | 8,979 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Beautifully finished and fully furnished office space with Reception Vestibule, 53 workstations, 2 private offices, Large Conference Room, and fully equipped kitchen with tables and seating included. Recently remodeled new LVT flooring. This prime second floor space with an abundance of natural light on 3 sides of the overall space. This is currently one of two spaces available at 265 Exchange Drive Corporate Center. See pictures and floor plan layout for Suite 206. This suite includes a separate 1,255 square foot fully built-out cafeteria and employee lounge area. A Modified Gross lease is available. Suite 206 is 8,979 RSF (7,493 USF) which includes common areas, foyer, common area bathrooms and amenities). Heat, Air Conditioning, and Water paid by Landlord, tenant only responsible for in-suite electric usage.
PROPERTY TAXES
| Parcel Number | 19-04-277-002 | Improvements Assessment | $2,253,575 |
| Land Assessment | $337,755 | Total Assessment | $2,591,330 |
PROPERTY TAXES
Presented by
MRM PROPERTIES LLC
265 Exchange Corporate Center | 265 Exchange Dr
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