Johns Court Buildings, Glenview, IL

2075-2105 Johns Court,
Glenview, IL 60025

 

$9,100,000
Price
$670,831
NOI
7.37%
Cap Rate
$114
Price Per SF
80,170
Total Two Buildings SF
26,690 SF Bldg., 7-Tenants
2025-2027 Johns Drive
$9,100,000
Price
$670,831
NOI
7.37%
Cap Rate
$114
Price Per SF
80,170
Total Two Buildings SF
26,690 SF Bldg., 7-Tenants
2025-2027 Johns Drive

  • This is a two-Property Investment Offering: 2025-2027 Johns Drive, Glenview, IL, a 7 Tenant, 26,690 SF Building 2075-2105 Johns Court, Glenview, IL, a 13 Tenant, 53,480 SF Building Elevate your investment portfolio with this prime opportunity at 2075-2105 Johns Court, where high occupancy, low turnover and stable Tenants speak volumes about its desirability among Tenants. Weighted Average Tenure: 8.2 Years Weighted Average Lease Term: 3.1 Years
  • The waiting list for Availability underscores the exceptional ROI potential of this industrial Investment, making it a lucrative option for savvy Investors seeking reliable income streams
  • 20' Clear Ceiling Height for smaller industrial Tenants is an extremely rare find which is part of the Asset's best features. There are 428 Industrial/Flex within a five-mile radius. Of those, only five multi-tenant properties offer 19' or greater ceiling height
  • All but one Tenant has signed personally helping insure consistent cash flow

  • RARE to find Auto Repair, Sales and Service Zoned Asset. Municipalities have created barriers to competing properties with their Zoning making this an increasingly valuable Asset.

  • Potential to Convert to Condo Ownership Maximizing Values to Over $150 per Square Foot Verify with Village of Glenview, IL of course

  • Majority of Leases are 3-Years or Longer

  • Professionally Managed with Manager Office on-site
  • The Pickleball4ALL Tenant has Seven Pickleball Courts, a 4.8 Google Rating and is growing well. Current Lease Rates Are Below Market Rates

Location Highlights

  • The assets features including 20' Ceiling Height, ample Drive-in Doors, I-2 Zoning that allows vehicles inside the units which is a rare find that draws Tenants from a 10-mile+ radius.
  • Johns Court is located near several major roadways, including the Tri-State Tollway (I-294) and the Edens Expressway (I-94), providing convenient access to downtown Chicago and O'Hare International Airport. Other major arterial roads crisscross the region.
  • The assets are situated in Glenview, a suburb known for its high quality of life and top-rated schools. The Glenview Park District offers numerous recreational activities for residents, such as golf courses, swimming pools, and skating rinks.
  • Glenview is home to a mix of local restaurants, retail shops, and entertainment options, offering convenience for employees working in the industrial sector. The nearby Glen Town Center features a variety of dining and shopping venues.
  • Glenview has a Pro-Business reputation that draws Industrial and Office Tenants, Users and Investors.
FOR MORE DETAILS CONTACT
Kevin Lynch
Managing Broker
(847) 921-6300
kevin@Lynchcre.com
478.011114