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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 Doughty Industrial Group of Marcus & Millichap is pleased to present the sale offering of 61-95 Oakwood Road in Lake Zurich, Illinois, a fully stabilized multi-tenant industrial/flex investment opportunity.
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
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
  • Professional, Scientific, and Technical Services
  • 22,104 SF
  • -
  • Single Net
  • Dec 2029

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.

  • Services
  • 6,265 SF
  • -
  • Triple Net
  • Jan 2030

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
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
14-16-301-020
Land Assessment
$225,198 (2024)
Improvements Assessment
$1,761,204 (2024)
Total Assessment
$1,986,402 (2024)
  • Listing ID: 39887131

  • Date on Market: 3/24/2026

  • Last Updated:

  • Address: 61-95 Oakwood Rd, Lake Zurich, IL 60047

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