Quadrangle Center 391 Quadrangle Dr 46,887 SF 69% Leased Office Building Bolingbrook, IL 60440 $4,833,045 CAD ($103.08 CAD/SF) 7.03% Cap Rate

Coldwell Banker has been retained by Ownership as the exclusive sales advisor and agent to conduct the sale of Will County multi-use office complex located in Bolingbrook, Illinois at 301-339 & 391 Quadrangle Dr. The Quadrangle Center consists of three single-story office buildings totaling 46,887 sq. ft. of net rentable area with additional surplus land. The property is conveniently located a few blocks west of Rt. 53 and a mile from the I-55 Stevenson expressway. The Village of Bolingbrook is the second largest town in Will County with a population of 73,922 and a medium household income of over $92,000. Several industrial and office developments have been completed within Bolingbrook in recent years, including Woodcreek Business Park, Remington Lakes Business Park, Bolingbrook Business Center, Corporate Crossings, Crossroads Distribution Center among others. Approximately 24 companies of various sizes have their corporate headquarters in Bolingbrook including Weathertech, Ulta Beauty, Goya Foods’ IL Division, Perkins Manufacturing and others. The top employers in the Village include Amazon, Presence St. Joseph Medical Center, Will County Government and the Plainfield & Valley View School Districts.
The 8.43-acre property is situated within the southeast section of Bolingbrook within an area made up of a variety of land uses. The property is bordered to the north and
west by single and multi-family properties, to the south by office and industrial properties and Lily Cache Creek and east by office properties. It is situated within an
area commonly referred to as the Wood Creek Business Park featuring offices, higher end industrial and some secondary commercial uses. The three single-story masonry buildings built in 1981 are currently 69% occupied by 12 tenants with varying lease expirations. Buildings A & B are both 100% leased. The site includes 1.3 acres of undeveloped surplus land at the southeast corner of the property along Quadrangle Dr. which can accommodate a fourth building up to 30,000 additional square feet. An allocation of 355 parking stalls was built to accommodate an additional building.