The Welsh Office Center is a well-established, multi-building office property. This two-building office portfolio consists of 92,573 SF and sits on 4.26 AC of land in a beautifully landscaped, parklike setting. Each building, 1250 and 1300 S. Grove Avenue, is multi-storied, with three and two stories, respectively. There is a mix of conventional office suites along with small executive office suites. * 71% occupancy on total building SF - 80% occupancy on total leaseable SF * NOI: $369,166 * Well established, value-add office building portfolio * Assumable, non-recourse loan - 3.25% * Strong tenant mix with many long-term, stable tenants * A mix of regular office tenants and executive office suite rentals * Located in a very affluent market, approximately 1 mile from Downtown Barrington and the Metra Train Station * Easy access just 4 miles to I-90, 20 miles to O'Hare International Airport, and 35 miles from Downtown Chicago * No deferred maintenance/professionally managed property
Based on information submitted to the MLS GRID as of 04/19/2024 01:59 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
