Evergreen Office Park
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Evergreen Office Park
2 Office Properties Offered at $2,295,000 in Lake Bluff, IL
INVESTMENT HIGHLIGHTS
- 32 Office Suites.
- 95+ Parking Spaces.
- Buildings are fully sprinklered
- 2.83 Acres, Professionally Landscaped.
- Easy access to major roads and highways.
EXECUTIVE SUMMARY
Evergreen, located at 49-51 Sherwood Terrace, offers investors an excellent opportunity to own a high occupancy, multi-tenant suburban office park in Lake Bluff, IL. Consisting of two, single-story buildings, on 2.83 acres, Evergreen offers 31,708 net leasable square feet across 32 office suites. Individual unit sizes range from 400 to 3,000 SF and the property is currently currently 92% leased.
DATA ROOM Click Here to Access
- Offering Memorandum
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$362,606
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$362,606
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$133,058
|
| Net Operating Income |
$229,548
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $362,606 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $362,606 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $133,058 |
| Net Operating Income | |
|---|---|
| Annual | $229,548 |
PROPERTY FACTS
| Price | $2,295,000 | Number of Properties | 2 |
| Price / SF | $72.21 / SF | Individually For Sale | 0 |
| Cap Rate | 10% | Total Building Size | 31,783 SF |
| Sale Type | Investment | Total Land Area | 2.84 AC |
| Status | Active |
| Price | $2,295,000 |
| Price / SF | $72.21 / SF |
| Cap Rate | 10% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 31,783 SF |
| Total Land Area | 2.84 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Evergreen Office Park
51 Sherwood Ter, Lake Bluff, IL 60044 |
Office | 15,892 SF | 1960 | - |
|
Evergreen Office Park
49 Sherwood Ter, Lake Bluff, IL 60044 |
Office | 15,891 SF | 1960 | - |
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Evergreen Office Park
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