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Prime investment opportunity in the heart of downtown Glenview. Colonial Court Professional Building is 82% leased to nine, long-term, medical tenants. Upon full stabilization (just two small vacant units), building is expected to operate at an 8.6% cap rate. There's opportunity to drive down some of the opex to increase the cap rate north of 9%. The building is meticulously maintained and in excellent condition. 63 onsite surface parking spaces offers easy access for tenants and patients. The premier location provides incredible visibility bolstered by heavy foot and vehicle traffic. Continued development to neighboring properties is sure further increase the value of this asset in the years to come. Call List Brokers for Offering Memorandum and Financials.
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Status changed to Active Under Contract | |
| 3 months ago | Listing first seen online |
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