Courtesy of Sperry Van Ness

1250-1300 S Grove Avenue

Barrington, IL, 60010

$4,999,994

$54 per ft²
$4,999,994
$54 per ft²
Active
Active
 - For Sale
carpenters-square
92,573 ft²
property_type
Commercial
calendar
Built 1975
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: $314,099 * 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
MLS® ID:
11662010
Listed:
10/26/22
Updated:
11/30/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Air

Exterior/Building Features

Lot Size
4.26 acres lot

Other Property Details

Area Name
Barrington Area
Taxes
$283986
Tax Frequency
per YEAR
Garage
No
Parking
N
Parking Total
258.0
View
N
County
Lake
Pool
No
Total Stories
3
Zoning
OFFIC

 

Courtesy of Sperry Van Ness, Olivia Czyzynski,
Listing Contact:  

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Data last updated 11:11 PM UTC, 11/30/22

 

 

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