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545 E Algonquin Rd
Arlington Heights, IL 60005 Des Plaines/Arlington Hts Corridor

$13,000,000 USD

Flex For Sale  •  111,667 SF

Property Details

  • Property Type Flex
  • Total Building Size 111,667 SF
  • Lot Size 5.56 AC
  • Building Class B
  • Year Built 1990
  • Cap Rate 8.01 %
  • Tenancy Multiple
  • Zoning M-1
0 Transit Score
55 Walk Score

Highlights

Two-tenant flex R&D/Data Center investment opportunity
Credit Tenancy | Intertek (OTCMKTS: IKTSY) | $7.75 billion market cap
Committed tenancy | Tenants have been at the property since 2004 & 2006
Net lease structures | Tenants responsible for pro-rata share of OpEx
20-Year roof warranty and parking lot redone in 2024
5 miles from O’Hare International Airport | Affluent submarket | $136,000+ average household income within 5-mile radius

Property Flyers

Cap Rate: 8.01 %

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Arlington Heights Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 7 min - 3.3 mi
Mount Prospect Station (Union Pacific Northwest Line - Northeast Illinois Regional Commuter Railroad (Metra)) 8 min - 4.5 mi
AirportDriveWalkDistance
Chicago O'Hare International 16 min - 10.6 mi
Chicago Midway International 43 min - 26.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 240
Type: Surface
Included in Rent: Yes
Peter Doughty 312-327-5470 Marcus & Millichap
Peter Doughty 312-327-5470 Marcus & Millichap