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    425 Quadrangle Drive

    Bolingbrook, IL 60440
    • $3,650,000
    • STATUS: Active
    • ON SITE: 29 days
    • MLS #: 11051038
    UPDATED: 37 min ago
    $3,650,000
    • 0
      BEDS
    • 1.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,800
      SQFT
    • $160
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2003
    County:
    Area:

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    Description

    This professionally managed, 100% occupied, office building has 22,800 of gross rentable sf or 19,725 of net rentable sf, of professional office spaces on three levels. The entire top floor has been leased by a Texas energy company (for the past ten years) that has been in business for 32 years. They have recently indicated that they will renew for another three year lease term or they are willing to vacate the space for a buyer wishing to occupy their 7,135 sf (net), 7,600 sf (gross) of office space. The entire lower level is leased by a direct selling retail marketer that has been in the building for nine years. The first floor has four tenants, one of which has been there six years. All floors have women and men bathrooms. The second floor has a full kitchen area.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-12T08:51:56.71 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    425 Quadrangle Drive Bolingbrook, IL 60440

    • Price: $3,650,000
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 11051038
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.6
    Acres
    22,800
    SQFT
    $160
    $/SQFT
    2003
    Built
    Neighborhood:
    Bolingbrook
    County:
    Will
    Area:
    Bolingbrook
    Property Description
    This professionally managed, 100% occupied, office building has 22,800 of gross rentable sf or 19,725 of net rentable sf, of professional office spaces on three levels. The entire top floor has been leased by a Texas energy company (for the past ten years) that has been in business for 32 years. They have recently indicated that they will renew for another three year lease term or they are willing to vacate the space for a buyer wishing to occupy their 7,135 sf (net), 7,600 sf (gross) of office space. The entire lower level is leased by a direct selling retail marketer that has been in the building for nine years. The first floor has four tenants, one of which has been there six years. All floors have women and men bathrooms. The second floor has a full kitchen area.
    Exterior Features

    Foundation Details Concrete Perimeter Location Commercial Business Park Number Of Drive In Doors 0 Number Of TLDocks 0 Outdoor Parking 51-100 Spaces Roof Structure Flat

    Interior Features

    Cooling Central Air Electric Circuit Breakers201-600 Amps Fire Protection Alarm MonitoredSprinklers-Wet Heat Ventilation Central Bldg HeatForced AirGas Leasable Area 22800

    Property Features

    Additional Parcels YN No Built Before1978 YN No Cap Rate 6.35 Current Use Commercial Expense Year 2020 Geographic Locale East/West Corridor Gross Income 332114 Gross Rentable Area 22800 Gross Scheduled Income 332114 Lot Size Dimensions 430' X 162' Min Avail Sq Ft Rentable 22800 Net Operating Income Year 2020 Net Rentable Area 19725 Number Of Tenants 6 Operating Expense 100519 Possible Use Commercial Property Offered For Sale Only Tax Annual Amount 53648 Tax Year 2019 Tenant Pays Varies By Tenant Total Monthly Income 27676 Unincorporated YN No Zoning Offic

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Brummel Properties, Inc..


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2021-05-12T08:51:56.71 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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