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INVESTMENT OPPORTUNITY 50% Leased to Single Tenant (Mission Critical Data Center Operation) SINGLE-STORY OFFICE BUILDING 2125 POINT BOULEVARD ELGIN ILLINOIS

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Page 1: 2125 POINT BOULEVARD ELGIN ILLINOIS INVESTMENT … · INVESTMENT HIGHLIGHTS randall PoinT execuTive cenTer ELGIN ILLINOIS 2125 POINT BOULEVARD Tenancy (Mission Critical Operation)

INVESTMENT OPPORTUNITY50% Leased to Single Tenant (Mission Critical Data Center Operation)

S I N G L E - S T O R Y O F F I C E B U I L D I N G

2 12 5 P O I N T B O U L E V A R D E L G I N I L L I N O I S

Page 2: 2125 POINT BOULEVARD ELGIN ILLINOIS INVESTMENT … · INVESTMENT HIGHLIGHTS randall PoinT execuTive cenTer ELGIN ILLINOIS 2125 POINT BOULEVARD Tenancy (Mission Critical Operation)

Th e Pr o P e rT y

Pr o P e rT y SP e c S

Fi n a n c i a l Su m m a ry

Building Area 52,700 NRSFType Single-story office building on gradeCounty / Township Kane / DundeeSite Size / FAR 5.26 acres / 0.23Year Built 2006Occupancy 50%Zoning ORI: Office Research Industrial

Surface Parking 207 Cars 3.93 / 1,000 SFTraffic Counts I-90: 80,400 VPD

Randall Rd: 46,700 VPD

Occupancy Rate 50%

Offering Price Not Established

Gross Revenue $508,721

In Place NOI $237,692

2 12 5 P O I N T B O U L E V A R D

©2018 NAI Hif fman. All r ights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

Qualified investors are extended the opportunity to acquire the 52,700 NRSF, value-add single-story office building

located within the Randall Point Executive Center, a 60-acre campus comprised of single and multi-story Class A office

buildings, hotel, restaurants and fitness center. The building offers an attractive curb appeal with a brick masonry façade.

Construction, completed in 2006, is comprised of concrete slab-on-grade

with CMU load bearing walls and a brick façade. Existing suites range in size

from 10K to 26K RSF. HVAC is provided via tenant-controlled roof top units

and a central system of boilers and cooling towers for the data center portion

of the building. Parking, at 3.93/1,000 SF, surrounds the building on the

east, south and west elevations allowing for multiple entrances and flexibility

in demising the building. The current occupancy/usage allows a parking ratio

of 5/1,000 SF for the balance of the building. Life safety includes a wet-pipe

sprinkler system and a central fire alarm system with local notification. The

property will be sold unencumbered by debt.

Point Blvd

LEASED

AVAILABLE

Career Education Corporation

90

INVESTMENT OPPORTUNITY2 12 5 P O I N T B O U L E V A R D E L G I N I L L I N O I S

Page 3: 2125 POINT BOULEVARD ELGIN ILLINOIS INVESTMENT … · INVESTMENT HIGHLIGHTS randall PoinT execuTive cenTer ELGIN ILLINOIS 2125 POINT BOULEVARD Tenancy (Mission Critical Operation)

I N V E S T M E N T H I G H L I G H T S

ra n d a l l Po i n T ex e c u T i v e ce n T e r

E L G I N I L L I N O I S2 12 5 P O I N T B O U L E V A R D

Te n a n c y(Mission Critical Operation)

The building is currently 50% occupied by Career Education Corporation. American InterContinental University, Inc., a predecessor entity, is an original tenant in the building entering into a lease June 24, 2005 with subsequent amendments extending the term thru May 31, 2021. Career Education Corporation’s online operations are housed at this location.

Career Education Corporation, headquartered in Schaumburg, Illinois, is an educational services company comprised of American InterContinental University (AIU) and Colorado Technical University (CTU). They provide degree programs from associate and bachelor’s levels though the master’s or doctoral level. Students are served on ground campuses and online. Their nationally-recognized programs combine innovative, award-winning technology with specialized curricula taught be industry professionals. www.careered.com Their programs have been ranked:

• Among 2016’s Best Online Bachelor’s Programs for AIU and CTU

• Rated in the top tier for online MBA programs AIU

• Ranked among 2016’s Best Online AIU in Education and CTU in Computer Science, Information Technology, and Criminal Justice SOURCE: (U.S. News & World Report)

2250

2205

2175

21552135

2130

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2200

2125

Jimmy’sCharhouse

Country Inn& Suites

The 60-acre campus is located at the northeast corner of the full interchange of I-90 and Randall Road. Amenities include the Jimmy’s Charhouse, Café Roma, Country Inn & Suites, and Randall Point Fitness Center. Office tenants within the campus include Honda Financial Services, CISA Insurance, Tyson Foods, Fresenius Medical Care, MIDC, Lundstrum Insurance, Healthware Systems, Horizon Office Technologies, DeVry University, Prevost Parts, First American Title Insurance Company, Re/Max Northern Illinois, Heritage-Crystal Clean, Waddell & Reed, and Affinity Express.

Pace, which provides suburban public bus transit, recently completed construction of a Park-n-Ride station within the Randall Point Executive Campus. This station provides service to the Pace station in Schaumburg and the CTA Blueline station in Rosemont.

Page 4: 2125 POINT BOULEVARD ELGIN ILLINOIS INVESTMENT … · INVESTMENT HIGHLIGHTS randall PoinT execuTive cenTer ELGIN ILLINOIS 2125 POINT BOULEVARD Tenancy (Mission Critical Operation)

©2018 NAI Hif fman. All r ights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

Demographics

Distance 3 Miles 5 Miles2018 Population 42,847 153,574

2018 No. of Households 15,533 50,350

Median Household Income $83,217 $71,530

Median Home Value $234,470 $210,637

Daytime Employment 32,579 66,723

• Located in Randall Point Executive Center, 1/2 mile from I-90 and Randall Road 4-way interchange

• Park features two restaurants, Cafe Roma & Jimmy’s Charhouse, along with a fitness center and hotel

• Views of the building from I-90 are unobstructed

C O N TA C T I N F O R M AT I O N

Art Burrows630 693 0675

[email protected]

Jason J Wurtz630 693 0692

[email protected]

Jason Streepy630 317 0743

[email protected]

ONE OAKBROOK TERRACE SUITE 400 OAKBROOK TERRACE IL 60181

HIFFMAN.COM

90

90

4-WayInterchange

2125 Point Boulevard

lo c aT i o n hi g h l i g h T S

INVESTMENT OPPORTUNITY2 12 5 P O I N T B O U L E V A R D E L G I N I L L I N O I S