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The Vernon Office Portfolio 5 Office Properties Offered at $33,616,376 CAD in Tinley Park, IL
INVESTMENT HIGHLIGHTS
- Situated in Tinley Park's office campus in Will County, the office park benefits from lower taxes and facilitates high tenant retention.
- Access to public transportation (Metra, Pace bus stops) nearby.
- Close to many major amenities those being shopping centers, Tinley Park Convention Center, and modern hotels.
EXECUTIVE SUMMARY
Marcus & Millichap is proud to present the Vernon Office Portfolio, located in Tinley Park, Illinois. This property encompasses five buildings with a combined total of 150,394 square feet, set on 19 acres of land. All tenants operate on a Triple-Net lease structure. The portfolio includes five parcels and offers premium tenant amenities, along with out lots designated for detention and wetlands that enhance the park’s tranquil atmosphere. The occupancy of the portfolio has never been below 90 percent since its completion and stabilization in 2012.
PROPERTY FACTS
| Price | $33,616,376 CAD | Number of Properties | 5 |
| Price / SF | $121.02 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 9% | Total Building Size | 277,786 SF |
| Sale Type | Investment | Total Land Area | 12.17 AC |
| Status | Under Contract |
| Price | $33,616,376 CAD |
| Price / SF | $121.02 CAD / SF |
| Cap Rate | 9% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 277,786 SF |
| Total Land Area | 12.17 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 7840 Graphics Dr, Tinley Park, IL 60477 | Office | 150,394 SF | 2005 | - |
|
Vernon Office and Technology Center
7851 W 185th St, Tinley Park, IL 60477 |
Office | 41,240 SF | 2008 | - |
| 18440 Thompson Ct, Tinley Park, IL 60477 | Office | 40,004 SF | 2005 | - |
| 18660 Graphics Dr, Tinley Park, IL 60477 | Office | 23,098 SF | 2010 | - |
| 18670 Graphics Dr, Tinley Park, IL 60477 | Office | 23,050 SF | 2011 | - |
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The Vernon Office Portfolio
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