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- LoopNet Team
6475 Washington St
Gurnee, IL 60031
Renovated Office For Lease I 2112 SF · Property For Lease
Highlights
- Fully Built Out Location
Property Overview
Now offering for sale the Hunt Club Professional Building in Gurnee, IL. The subject property is a six-unit 15,088 rentable square foot office building that is currently 77% percent occupied by four tenants. The weighted average lease term of the four tenants is over 7 years. All tenants are operating on triple net leases providing for minimal landlord responsibilities and include annual rent increases as a hedge against inflationary pressures. The two additional vacant suites will give a new potential owner immediate upside through stabilization. Also offered is the additional 20,137 SF or .46 of an acre of vacant buildable commercial land that site behind the parking lot that can be developed into another office property or even rezoned to residential.
Property Facts
