Log In/Sign Up
Your email has been sent.
Hawthorn Business Park 935 Lakeview Pky 46,981 SF 95% Leased Office Building Vernon Hills, IL 60061 $4,350,000 ($92.59/SF)
Investment Highlights
- 95% leased with 4.5 years of weighted average lease term (WALT) between six tenants
- Roofs were replaced in Nov-2013 with a warranty until 12/02/2028
- Lake County tax advantage
- Medical/Retail tenants represent 42% of the occupancy, but 51% of the WALT
- Good existing condition: Ares and Aged In Oak deals were done with no tenant improvement allowance
- The property benefits from the close proximity to Hawthorne Mall
Executive Summary
CBRE Capital Markets, Investment Properties, has been retained by Ownership as exclusive advisor and agent to sell 100% fee simple interest in 935 Lakeview Parkway, (“the Property”), Vernon Hills (Lake County), Illinois.
The Property is a 46,931 square foot mixed-use building situated on a 4.10 acre site within Hawthorne Business Park. The building is in close proximity to Hawthorn Mall, where a $252 million redevelopment is in process. The plan is to transform the once enclosed mall into a upscale, state of the art outdoor entertainment and, dining and retail venue. The Property enjoys many advantages including – a southern Lake County location, extraordinary access to area amenities and labor, and a strong tenant base that includes medical, retail and office use.
The Property is a 46,931 square foot mixed-use building situated on a 4.10 acre site within Hawthorne Business Park. The building is in close proximity to Hawthorn Mall, where a $252 million redevelopment is in process. The plan is to transform the once enclosed mall into a upscale, state of the art outdoor entertainment and, dining and retail venue. The Property enjoys many advantages including – a southern Lake County location, extraordinary access to area amenities and labor, and a strong tenant base that includes medical, retail and office use.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
46,981 SF
Building Class
C
Year Built
1987
Price
$4,350,000
Price Per SF
$92.59
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
46,981 SF
Building FAR
0.26
Lot Size
4.10 AC
Zoning
B-1
Parking
125 Spaces (2.63 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Rent is modified gross
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 110 | 2,510 SF | Office | Full Build-Out | Now |
1st Fl-Ste 110
| Size |
| 2,510 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 110
| Size | 2,510 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Rent is modified gross
Property Taxes
| Parcel Number | 11-33-302-049 | Improvements Assessment | $1,078,909 |
| Land Assessment | $405,110 | Total Assessment | $1,484,019 |
Property Taxes
Parcel Number
11-33-302-049
Land Assessment
$405,110
Improvements Assessment
$1,078,909
Total Assessment
$1,484,019
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Hawthorn Business Park | 935 Lakeview Pky
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.