PRICE REDUCED-Medical/Professional Office-Rolling Meadows, IL | | Cap 8.83% | 103k SF | Desirable Single-Story Walk-up Office | Value Add-24% Vacancy | 75% New Roofs

FOR SALE

$9,500,000

Arlington Office Park

1835 - 1951 Rohlwing Road

Rolling Meadows, IL 60008

9 Single-Story Office Buildings

Price: $9,500,000

Cap Rate: 8.83%

NOI: $838,919

Rentable SF: 103,008

Price per SF: $92.23

Year Built/Renovated: 1980/2022

Lot Size: 8.9 Acres

Offering Highlights:

~ Rare Opportunity: Prime Single-Story Portfolio of Nine Office Buildings | 103,008 SF | Built 1980

~ Roof Replacement for 6 of the 9 Buildings | New Landscaping | New Monument Sign

~ Recent Property Upgrades of Over $2,000,000

~ Great Location: Visibility at Cloverleaf Location at I290 4-Way Interchange | 1 Minute to 4-Way Interchange on I-290, O'Hare International Airport & Downtown Chicago

~ Located at a Hard Corner-Signalized Intersection

~ Affluent Area: Average HHI $91,897

~ Solid Historical Occupancy | High Tenant Appeal with Modern Workspaces

~ Exceptional Investment Opportunity | Value Add Medical: 24% Vacancy

~ Near Future Development Site – Arlington International Racecourse - an Expansive 326-acre Parcel Located 1.5 miles from Subject Property. This site is poised to increase the location's desirability, potentially driving higher demand for office space. Proposed redevelopment plans include luxury apartments, an entertainment district, and a possible football stadium, which is an estimated $5 billion project.

Click for Offering Memorandum

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Tammy A. Saia, CCIM

25 Years in the Real Estate Industry

Celebrating 20 Years with Marcus Millichap

First Vice President Investments

Director - National Retail Group, Net Leased Properties Group, National Office and Industrial Group

(630) 570-2226 direct

(630) 205-8877 mobile

tsaia@marcusmillichap.com

License: IL: 476.378298

Tami J. Andrew

18 Years in the Real Estate Industry

Senior Associate

National Office and Industrial Groupt

(630) 570-2179 direct

(630) 740-4972 mobile

tandrew@marcusmillichap.com

License: IL: 471.000351

Our team sincerely thanks all of our clients, customers and vendors for their support.

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SPECIAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.