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Oakwood Road 61-95 Oakwood Rd 54,688 SF 100% Leased Flex Building Lake Zurich, IL 60047 $5,200,000 ($95.08/SF) 8.61% 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 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 $5,200,000, the investment offering will generate an in-place net operating income of $447,962 in Year 1, which equates to a capitalization rate of 8.61%.
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 $5,200,000, the investment offering will generate an in-place net operating income of $447,962 in Year 1, which equates to a capitalization rate of 8.61%.
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 | $5,200,000 | Rentable Building Area | 54,688 SF |
| Price Per SF | $95.08 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1989 |
| Cap Rate | 8.61% | 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 | $5,200,000 |
| Price Per SF | $95.08 |
| Sale Type | Investment |
| Cap Rate | 8.61% |
| 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
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 14-16-301-020 | Improvements Assessment | $1,441,188 |
| Land Assessment | $258,642 | Total Assessment | $1,699,830 |
Property Taxes
Parcel Number
14-16-301-020
Land Assessment
$258,642
Improvements Assessment
$1,441,188
Total Assessment
$1,699,830
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Oakwood Road | 61-95 Oakwood Rd
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