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545 E Algonquin Rd
Arlington Heights, IL 60005
Flex Property For Sale
Property Facts
| Property Type | Flex | Year Built | 1990 |
| Property Subtype | Flex Research & Development | Parking Ratio | 2.15/1,000 SF |
| Building Class | B | Clear Ceiling Height | 20’ |
| Lot Size | 5.56 AC | No. Dock-High Doors/Loading | 6 |
| Rentable Building Area | 111,667 SF | No. Drive In / Grade-Level Doors | 6 |
| No. Stories | 1 | ||
| Zoning | M-1 - Industrial, Manufacturing Use | ||
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 5.56 AC |
| Rentable Building Area | 111,667 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Parking Ratio | 2.15/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | M-1 - Industrial, Manufacturing Use |
Amenities
- Front Loading
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
About 545 E ALGONQUIN RD , ARLINGTON HEIGHTS, IL 60005
The Property is a 111,667 SF flex facility leased to Intertek Testing Services, NA (85% tenant share) and GigeNET (15% tenant share). Both leases have attractive annual rental increases and the Landlord has minimal obligations, mainly capital repairs to the roof, structure and parking areas. Intertek has occupied the Property since 2004. They are a leading total quality assurance provider to industries worldwide, publicly traded on the London Stock Exchange. They recently executed a new 10-year lease that commenced in January 2017. GigeNET, who has occupied the Property since 2006, maintains its headquarters and its own independent data center at the Property.
Property Taxes
| Parcel Number | 08-15-302-020-0000 | Improvements Assessment | $1,026,248 |
| Land Assessment | $968,252 | Total Assessment | $1,994,500 |
Property Taxes
Parcel Number
08-15-302-020-0000
Land Assessment
$968,252
Improvements Assessment
$1,026,248
Total Assessment
$1,994,500
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