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731 S Route 21
Gurnee, IL 60031
Office Property For Sale
·
30,371 SF
INVESTMENT HIGHLIGHTS
- 100 Percent Fully Occupied Condo Unit.
- Four Years of Lease Term remains.
- Three Percent Rental Increases.
- Absolute-Net Lease Structure.
- Lease is backed by a Private Guarantee.
- One, 10-Year Option Remains.
PROPERTY FACTS
| Total Building Size | 30,371 SF | Typical Floor Size | 1,432 SF |
| Property Type | Office (Condo) | Year Built | 2007 |
| Property Subtype | Medical | Lot Size | 5.00 AC |
| Building Class | B | Parking Ratio | 10/1,000 SF |
| Floors | 1 | ||
| Zoning | O-2 - Office Campus District | ||
| Total Building Size | 30,371 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 1,432 SF |
| Year Built | 2007 |
| Lot Size | 5.00 AC |
| Parking Ratio | 10/1,000 SF |
| Zoning | O-2 - Office Campus District |
AMENITIES
- Monument Signage
1 UNIT AVAILABLE
Unit 150
| Unit Size | 4,164 SF | Cap Rate | 9.00% |
| Condo Use | Office/Medical | NOI | $271,743.75 CAD |
| Sale Type | Investment |
| Unit Size | 4,164 SF |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 9.00% |
| NOI | $271,743.75 CAD |
SALE NOTES
Marcus & Millichap is pleased to present this condominium unit located at 731 South Illinois Route 21, Suite 150, Gurnee, Illinois. The medical condo is comprised of 4,164 square feet and offers ample parking spaces.
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