Investment Opportunity in Crystal Lake

Overview

  • Investment For Sale
  • 101 North Virginia Street, Crystal Lake, IL 60014.
  • Price: $2,200,000
  • 23,088 sq. ft.

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INVESTMENT OPPORTUNITY • 23,088 SF OFFICE BUILDING
9.15% CAP RATE

Attractive multi-tenant 2-story brick corporate office building on Route 14 in Crystal Lake at signalized intersection. Anchor tenant is Chicago Title and Trust. New roof in 2017. Mature landscaping and 70 car parking. Tenants pay heat and electric. Landlord pays for air conditioning. 9.4 % Proforma CAP rate with 5% vacancy factor. Current 9.15 % CAP with 8% vacancy. Ask broker for confidential operating statement and rent roll.

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