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Available For Sale - Office

15,627 SF | Show Pricing $

Office Space in Saint Charles for sale

AVAILABILITY DETAILS

Size
15,627 SF
Price/SF
Show Pricing $
Listing ID
SA381771
Notes
Four-unit office condo portfolio in 3-story, 37,000 sf elevator building. Units may be purchased individually. 1988 masonry construction with classic colonial design.



Value-add opportunity. 80% leased. Bank owned. One suite (#40) has a long term office tenant. Two others (#10 & #201) are leased on a short-term basis (with discounted rents) to ALDI. Overall upside potential in rent income. Achievable market rent is $10-12/sf net. 2019 taxes: $2.36/sf. Assoc. fees: $3.62/sf. Special assessment.



Other occupants include chiropractor, financial planners, insurance, counselors, food sales. There may potential to increase the portfolio size by acquiring additional condos in the building.
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Neil Johnson, SVN | Landmark Commercial Real Estate
BRE# 471.012919