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
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
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
2170
2230
2150
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.
©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
Jason J Wurtz630 693 0692
Jason Streepy630 317 0743
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