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40 Skokie Blvd
Northbrook, IL 60062
Boulevard 40 · Office Property For Sale
Investment Highlights
- Premier Northbrook Asset | 108,278 SF on 4.86 Acres
- Medical-Anchored Tenant Mix | Sticky Tenancy / Renewal | Strong Current Leasing Momentum
- Investment-Grade Huntington Bank Anchor | ~10% of GLA | New Long-Term Lease
- Hard Signalized Corner of Lake Cook & Skokie Blvd | Direct Expressway (I-94) Exposure | 57,370 VPD
- Healthy Occupancy | Excellent Owner-User Opportunity with Contiguous Suites Available
- Affluent North Shore Demographics | $211K+ Avg HH Income (1 Mile) | $257K+ (3 Miles)
Executive Summary
Northmarq is pleased to present an exceptional opportunity to acquire a well-located suburban office property at 40 Skokie Boulevard, Northbrook, IL 60062 (the “Property”). The Property comprises approximately 108,278 square feet of office space situated on a 4.86-acre parcel within one of Chicago’s most established and affluent North Shore submarkets. Currently 75% occupied, the Property provides in-place cash flow with meaningful upside through lease-up of the remaining vacancy. Contact Broker for Pricing Details.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
108,278 SF
Building Class
B
Year Built/Renovated
1984/1993
NOI
$1,118,866 CAD
Percent Leased
78%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
18,046 SF
Slab To Slab
12’
Building FAR
0.51
Lot Size
4.86 AC
Zoning
C-5, Northbrook - High-intensity, large-scale development, allowing for a mix of uses such as retail, offices, hotels, and residential
Parking
373 Spaces (3.44 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Conferencing Facility
- Property Manager on Site
- Signage
- Kitchen
- Storage Space
- Monument Signage
- Balcony
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,072,640 CAD | |
| Land Assessment | $1,574,468 CAD | Total Assessment | $2,647,109 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,574,468 CAD
Improvements Assessment
$1,072,640 CAD
Total Assessment
$2,647,109 CAD
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