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Oakwood Road 61-95 Oakwood Rd 54,688 SF 100% Leased Flex Building Lake Zurich, IL 60047 $5,575,000 ($101.94/SF) 8.04% Cap Rate



Investment Highlights
- Stabilized multi-tenant industrial/flex investment opportunity
- Tight multi-tenant flex/industrial submarket | 3.7% vacancy rate for Class B & C multi-tenant industrial/flex product within a two-mile radius
- Low Lake County real estate taxes
- Significant anchor tenant | Bureau Veritas of North America, Inc. | €6.47 billion total revenue in 2025
- Affluent Lake Zurich submarket | $236,000+ average household income within three-mile radius
Executive Summary
The subject property is in Lake County just north of East Main Street and downtown Lake Zurich. This business park is ideally within proximity to many national retail brands as well as Lake Zurich High School.
The subject property is ±54,688 rentable square feet and is comprised of nine (9) units, leased to seven (7) different tenants. The property is anchored by Bureau Veritas of North America, which occupies a total of ±22,104 rentable square feet. Bureau Veritas is a recognized world leader in testing, inspection and verification services. Headquartered in Paris, France, Bureau Veritas reported total revenue of €6.47 billion in 2025.
The purchase of this offering presents an investor with the opportunity to own a stabilized multi-tenant flex/industrial asset. With a list price of $5,575,000, the investment offering will generate an in-place net operating income of $447,962 in Year 1, which equates to a capitalization rate of 8.04%.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$723,207
|
$13.22
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$275,245
|
$5.03
|
| Net Operating Income |
$447,962
|
$8.19
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $723,207 |
| Annual Per SF | $13.22 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $275,245 |
| Annual Per SF | $5.03 |
| Net Operating Income | |
|---|---|
| Annual | $447,962 |
| Annual Per SF | $8.19 |
Property Facts
| Price | $5,575,000 | Rentable Building Area | 54,688 SF |
| Price Per SF | $101.94 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1989 |
| Cap Rate | 8.04% | Parking Ratio | 2.74/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 22’ |
| Property Subtype | Light Manufacturing | No. Dock-High Doors/Loading | 6 |
| Building Class | B | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 4.00 AC | ||
| Zoning | I Industrial - Industrial and Flex | ||
| Price | $5,575,000 |
| Price Per SF | $101.94 |
| Sale Type | Investment |
| Cap Rate | 8.04% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 4.00 AC |
| Rentable Building Area | 54,688 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Parking Ratio | 2.74/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | I Industrial - Industrial and Flex |
Amenities
- 24 Hour Access
- Front Loading
- Property Manager on Site
- Security System
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Bureau Veritas is a multinational testing, inspection, and certification company founded in 1828 and headquartered in Neuilly-sur-Seine, Paris. The organization operates in more than 140 countries through an extensive network exceeding 1,500 offices and laboratories with a workforce of over 79,000 employees. Its service sectors span building and infrastructure, consumer products, agri-food, commodities, marine and offshore, energy, and industrial operations. Bureau Veritas supports companies by ensuring regulatory compliance, environmental protection, safety, and performance improvement across global supply chains. In North America, the company provides specialized services including environmental testing, facility inspections, construction due diligence, and laboratory analytics, serving clients in both private and public sectors. The company works as a trusted partner in project management, technical assessments, regulatory control, and certification frameworks.
Civitas Circle was launched after 25 years of contract manufacturing services for U.S. Department of Defense, Motorola, Samsonite, Abbott, Showline, Allen Edmonds, Red Wing, Stormy Kromer, Neiman Marcus, Steiner and many more. From producing military combat uniforms and hot weather boots to telephone and equipment leather cases, briefcases, travel bags, handbags, totes, pet carriers, casual apparel, work boots and more, Civitas' staff has earned knowledge and experience in design and manufacturing.
- Extra Wide Socks
- -
- 8,005 SF
- -
- -
- Apr 2028
- First Step USA
- -
- 4,202 SF
- -
- -
- Jan 2027
- Formula 1 Cheer
- -
- 10,252 SF
- -
- -
- Mar 2028
- Mark Giannechini
- -
- 3,091 SF
- -
- -
- Mar 2028
- United Adhesives
- -
- 769 SF
- -
- -
- Nov 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Professional, Scientific, and Technical Services | 22,104 SF | - | Single Net | Dec 2029 | |
|
Services | 6,265 SF | - | Triple Net | Jan 2030 | |
| Extra Wide Socks | - | 8,005 SF | - | - | Apr 2028 | |
| First Step USA | - | 4,202 SF | - | - | Jan 2027 | |
| Formula 1 Cheer | - | 10,252 SF | - | - | Mar 2028 | |
| Mark Giannechini | - | 3,091 SF | - | - | Mar 2028 | |
| United Adhesives | - | 769 SF | - | - | Nov 2026 |
Property Taxes
| Parcel Number | 14-16-301-020 | Improvements Assessment | $1,761,204 (2024) |
| Land Assessment | $225,198 (2024) | Total Assessment | $1,986,402 (2024) |
Property Taxes
Presented by
Oakwood Road | 61-95 Oakwood Rd
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