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Hawthorn Business Park 935 Lakeview Pky 46,981 SF 95% Leased Office Building Vernon Hills, IL 60061 $6,069,120 CAD ($129.18 CAD/SF)
INVESTMENT HIGHLIGHTS
- 95% leased with 4.5 years of weighted average lease term (WALT) between six tenants
- Roofs were replaced in Nov-2013 with a warranty until 12/02/2028
- Lake County tax advantage
- Medical/Retail tenants represent 42% of the occupancy, but 51% of the WALT
- Good existing condition: Ares and Aged In Oak deals were done with no tenant improvement allowance
- The property benefits from the close proximity to Hawthorne Mall
EXECUTIVE SUMMARY
CBRE Capital Markets, Investment Properties, has been retained by Ownership as exclusive advisor and agent to sell 100% fee simple interest in 935 Lakeview Parkway, (“the Property”), Vernon Hills (Lake County), Illinois.
The Property is a 46,931 square foot mixed-use building situated on a 4.10 acre site within Hawthorne Business Park. The building is in close proximity to Hawthorn Mall, where a $252 million redevelopment is in process. The plan is to transform the once enclosed mall into a upscale, state of the art outdoor entertainment and, dining and retail venue. The Property enjoys many advantages including – a southern Lake County location, extraordinary access to area amenities and labor, and a strong tenant base that includes medical, retail and office use.
The Property is a 46,931 square foot mixed-use building situated on a 4.10 acre site within Hawthorne Business Park. The building is in close proximity to Hawthorn Mall, where a $252 million redevelopment is in process. The plan is to transform the once enclosed mall into a upscale, state of the art outdoor entertainment and, dining and retail venue. The Property enjoys many advantages including – a southern Lake County location, extraordinary access to area amenities and labor, and a strong tenant base that includes medical, retail and office use.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
46,981 SF
Building Class
C
Year Built
1987
Price
$6,069,120 CAD
Price Per SF
$129.18 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
46,981 SF
Building FAR
0.26
Lot Size
4.10 AC
Zoning
B-1
Parking
125 Spaces (2.63 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Rent is modified gross
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 110 | 2,510 SF | Office | - | Now |
1st Fl-Ste 110
| Size |
| 2,510 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1 of 16
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 110
| Size | 2,510 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Rent is modified gross
PROPERTY TAXES
| Parcel Number | 11-33-302-049 | Improvements Assessment | $1,508,865 CAD |
| Land Assessment | $566,550 CAD | Total Assessment | $2,075,415 CAD |
PROPERTY TAXES
Parcel Number
11-33-302-049
Land Assessment
$566,550 CAD
Improvements Assessment
$1,508,865 CAD
Total Assessment
$2,075,415 CAD
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Hawthorn Business Park | 935 Lakeview Pky
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