2523-2525 W Washington Blvd

Saxum West is pleased to present for sale this sandblasted 13,300 SF brick bow-truss retail/warehouse building in the up-and-coming neighborhood of Arlington Heights. This creative compound is currently divided into (8) spacious creative lofts with private interior parking for 6 cars (or 8-10 cars if parked in tandem). The interior parking area is accessible via an interior driveway with a secure gate and a curb cut along W Washington Blvd in front of the building. Most of the interior walls of the building are non-load-bearing, so a prospective owner-user could create a more open floor plan if desired.

The building is currently 90.41% occupied, excluding the interior parking areas. The Tenants are all month-to-month, offering appeal to owner-users looking to occupy all or part of the building, as well as to investors looking for an attractive value-add investment opportunity. The current gross monthly rent is $22,090 per month, with an existing NOI of $201,658, and the proforma monthly rent is $27,377 at full occupancy with a proforma NOI of $265,102. Additional rental income could be achieved by renting or occupying the driveway and parking areas, which are currently part of the load factor.

Roughly half of the footprint of the building has high clearance, and measures 16’4” to the bottom of the beams, and 23’4” to the top of the bow truss. In the other half of the property, ceiling heights measure between 11’ to 12’3”. Most of the units have HVAC: suites 101, 102, 104, 105 and 201. The building has heavy power, and all the units are separately metered for electrical. There are multiple interior roll-up doors for easy and convenient loading in & out through the interior shared driveway. Call broker for more information.