Multi-Tenant Flex R&D Facility

545 E Algonquin Rd, Arlington Heights, IL
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Building Sq. Ft.:
111,667 SF
Site Size:
5.56 Acres

Investment Highlights

  • The Property is a Multi-Tenant Flex R&D Facility featuring 111,667 SF of Data Center and Flex Space leased to Intertek Testing Services (85% tenant share) and GigeNET (15% tenant share). Both leases have attractive annual rental increases with minimal Landlord obligations, mainly capital repairs to the roof, structure, and parking areas.
  • The property is strategically located in Arlington Heights, a suburb in northwest Chicago, within a strong industrial park directly adjacent to I-90, and less than 10 miles from O’Hare International Airport. O’Hare, is the main international airport serving Chicago, Illinois, located on the city’s Northwest Side, approximately 17 miles northwest of the Loop business district.
  • Northwest Cook submarket provides strong population demographics with a population of 247,014 within a 5 mile radius. The Property is situated in proximity to I-90 and I-294, connecting the Subject to O’Hare International Airport, Downtown Chicago and other major Midwest markets.
  • Property features an assumable non-recourse loan at an attractive rate, helping a new owner enter in the site with an attractive basis.

Listing Agents

Kyler Bean

Managing Director
325 457 5894
[email protected]

Ryan Rapoport

Senior Associate
214 457 5894
[email protected]

Jeff Lizzo

Managing Director
630 222 8409
[email protected]

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