Description
The Welsh Office Center is a well-established, multi-building office property. This two-building office portfolio consists of 92,573 SF and sits on 4.26 AC of land in a beautifully landscaped, parklike setting. Each building, 1250 and 1300 S. Grove Avenue, is multi-storied, with three and two stories, respectively. There is a mix of conventional office suites along with small executive office suites. * 71% occupancy on total building SF - 80% occupancy on total leaseable SF * NOI: $369,166 * Well established, value-add office building portfolio * Assumable, non-recourse loan - 3.25% * Strong tenant mix with many long-term, stable tenants * A mix of regular office tenants and executive office suite rentals * Located in a very affluent market, approximately 1 mile from Downtown Barrington and the Metra Train Station * Easy access just 4 miles to I-90, 20 miles to O'Hare International Airport, and 35 miles from Downtown Chicago * No deferred maintenance/professionally managed property
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0BEDS
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4.26ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
The Welsh Office Center is a well-established, multi-building office property. This two-building office portfolio consists of 92,573 SF and sits on 4.26 AC of land in a beautifully landscaped, parklike setting. Each building, 1250 and 1300 S. Grove Avenue, is multi-storied, with three and two stories, respectively. There is a mix of conventional office suites along with small executive office suites. * 71% occupancy on total building SF - 80% occupancy on total leaseable SF * NOI: $369,166 * Well established, value-add office building portfolio * Assumable, non-recourse loan - 3.25% * Strong tenant mix with many long-term, stable tenants * A mix of regular office tenants and executive office suite rentals * Located in a very affluent market, approximately 1 mile from Downtown Barrington and the Metra Train Station * Easy access just 4 miles to I-90, 20 miles to O'Hare International Airport, and 35 miles from Downtown Chicago * No deferred maintenance/professionally managed property
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