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PNC Bank Anchored Multi-Tenant Buildings 2 Office Properties Offered at $1,970,000 in Palos Hills, IL
Investment Highlights
- VALUE ADD OPPORTUNITY | 86% OCCUPANCY
- HIGH DEPOSIT PNC BRANCH | $241M OF DEPOSITS
- WELL MAINTAINED ASSETS | DIVERSE AND COMPLEMENTARY TENANT MIX
- INVESTMENT GRADE ANCHOR | RECENT 10 YEAR RENEWAL | 42% OF REVENUE
- BELOW MARKET IN PLACE RENTS | POSSIBLE OWNER USER OPPORTUNITY
- 20 MILES SOUTHWEST OF DOWNTOWN CHICAGO | STRONG DEMOGRAPHICS
Executive Summary
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in 10125-10135 South Roberts Road, Palos Hills, IL. The offering represents an opportunity to acquire two occupied multi-tenant office buildings with a long-term credit tenant anchor offered at an attractive yield.
Property Facts
| Price | $1,970,000 | Number of Properties | 2 |
| Price / SF | $89.55 / SF | Individually For Sale | 0 |
| Cap Rate | 8.25% | Total Building Size | 22,000 SF |
| Sale Type | Investment | Total Land Area | 1.62 AC |
| Status | Under Contract |
| Price | $1,970,000 |
| Price / SF | $89.55 / SF |
| Cap Rate | 8.25% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 22,000 SF |
| Total Land Area | 1.62 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 10135 S Roberts Rd, Palos Hills, IL 60465 | Office | 13,000 SF | 1977 | - |
| 10125 S Roberts Rd, Palos Hills, IL 60465 | Office | 9,000 SF | 1977 | - |
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Contacts
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George Ghattas -
Nicholas Kohlmann -
Olivia Palmer -
Mid-America Real Estate Corp.
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PNC Bank Anchored Multi-Tenant Buildings
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