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$6,714,000

1305-75 Remington Road
Schaumburg, IL 60173

For Sale|Commercial|Pending
Beds
0 Baths
SqFt
Built in 1979
251 Days Online
N/A
Subdivision:
County:
Cook
Call Now: 312-434-3187
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312-434-3187
1305-75 Remington Road1305-75 Remington Road1305-75 Remington Road1305-75 Remington Road
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Remington Office Court is an 83,370 square foot office complex comprised of four buildings, all single-story, and sits on 4 acres of land. The property is well located in the heart of Schaumburg's business district. All buildings have separate entrances with direct access to each suite from the parking lot. There is no shared interior common area. The property is currently stabilized at 92% occupancy with a total of 63 suites; 58 leased, 4 vacant and 1 for property storage. The property has enjoyed very strong leasing activity over the last two years with over 15 new leases, and the complex has been over 80% occupied for the past five years. Suite sizes range from 630 - 4,000 square feet, offering a variety of office suite sizes and providing a wide range of fully built-out spaces that are very appealing to local businesses in the area. All suites have one or more dedicated restrooms. The majority of the vacant spaces have been updated with fresh paint, carpet, finishes, and lighting (most LED) over the last two years, presenting very attractive and immediately available office spaces for potential tenants. This property has a true gross rent structure and tenants pay their electric, with all of the suites separately metered. The current NOI is very healthy at $594,204. The asking price of $6,714,000 is based on an 8.85% cap. The property has been well kept by the existing owner, and there is limited deferred maintenance. This type of property is rarely available and an excellent opportunity for an investment buyer to obtain a stabilized, very well-maintained, multi-tenant office investment.

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Listing Snapshot
Price
$6,714,000
Days Online
251 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Partial Baths
N/A
Lot Size
4 Acres
Year Built
1979
MLS Number
10677645
Status
Pending
Property Tax
$318,434
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS
4 months agoStatus changed to Pending
8 months agoStatus changed to Active
8 months agoListing first seen online
General Features
Acreage
4
Interior Features
Cooling
Central Individual
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Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
This listing is part of the MRED data exchange program provided courtesy of Sperry Van Ness



The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than this office are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is 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.

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Neighborhood & Commute
Source: Walkscore
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GRT Brokered By

Garvey Residential Team Homes
1010 LAKE STREET, SUITE 200
Oak Park, IL 60301
312-434-3187

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