OFFICE BUILDING
FOR SALE
220 Remington Boulevard
Bolingbrook, IL 60440
Foresite Realty Partners, L.L.C., as a disposition agent of the Recevier, is pleased to offer for sale a 3-story 79,675 square foot office
building at 220 Remington Boulevard in Bolingbrook, Illinois. The building is located in an established community southwest of the
I-355/55 interchange. There is an exit directly south of the building at I-55 and Route 53 (S. Bolingbrook Drive).
This building, built in 1988 with substantial renovation in 2000, is currently 100% vacant. It represents an excellent opportunity for
an add-value investor or user to acquire a quality office building well below replacement cost with superb visibility.
6400 Shafer Court, Suite 475
Rosemont, IL 60018
847.939.6010
ISAIAH HARF
RYAN NELSON
GREG NIEDER
847-939-6018
iharf@foresiterealty.com
847-939-6017
rnelson@foresiterealty.com
847-939-6015
gnieder@foresiterealty.com
www.foresiterealty.com
1
OFFICE BUILDING
FOR SALE
220 Remington Boulevard
Bolingbrook, IL 60440
OFFERING SUMMARY:
A
B
C
D
E
F
G
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Price:
Gross Leasable Area:
Site Size:
Year Built/Renovated:
Parking Ratio:
Occupancy:
$3,950,000 or $49.58/SF
79,675 SF
8.06 Acres
1988/2000 Renovation
8:1
Vacant
1
D
2
2283
G
2340-12
2340-0
2
H
2340-5
KAREN
ANDERSON
3
3
C
4
4
A
5
INVESTMENT HIGHLIGHTS:
5
OPEN TO
BELOW
2205
6
• Located in an established submarket with continual population growth
year after year
• Priced well below replacement cost with future land and rent
appreciation
• Superb physical condition requiring very little base building capital
expenditures in the near-term
• Flexible and efficient floor plates; each floor is roughly 27,000 SF, ideal
for back-office business operations
• Outstanding upside in leasing to a large tenant, creating high cash on
cash returns in the short-term
6400 Shafer Court, Suite 475
Rosemont, IL 60018
847.939.6010
F
6
A
B
C
D
E
F
G
ISAIAH HARF
RYAN NELSON
GREG NIEDER
847-939-6018
iharf@foresiterealty.com
847-939-6017
rnelson@foresiterealty.com
847-939-6015
gnieder@foresiterealty.com
www.foresiterealty.com
2
OFFICE BUILDING
FOR SALE
220 Remington Boulevard
Bolingbrook, IL 60440
MARKET OVERVIEW:
The Property is located within the Village of Bolingbrook, a southwest
suburb approximately 26 miles from the Chicago CBD. Sitting in three
counties (Cook, Will, and DuPage) and bordered by two major Interstates
(I-355 & I-55), Bolingbrook has seen much growth in recent years. The
Village offers adequate community facilities, services, retailing and public
transportation and is proximate to labor markets and regional highways.
Bolingbrook’s efforts to promote industrial and commercial growth has
resulted in a surge in economic activity in the I-55 corridor, to be a major
transportation route through Illinois to St. Louis. I-55 (commonly known as
the Stevenson with millions of square feet of bulk warehouse/distribution
space built during the 1990’s. The I-55 Corridor, which connects Chicago
to the Southwest Suburbs and continues Expressway) intersects with
I-294, I-355, I-80, making it strategically important for shipping and
distribution companies. In addition, the communities which lie outside
of Cook County have been favored by companies and investors due to
recent transaction and property tax increases within Chicago and Cook
County. There are over 2,000 acres of modern in Bolingbrook – some of
the companies which have major distribution facilities include: Ty, Inc,
Tenneco, Sanyo, Sony, Ecko Housewares, Sharp Electronics, James River
Corp, RR Donnelly Logistics, Tellabs, New Breed Logistics, Gillette-Duracell,
Ulta 3, and Home Depot.
6400 Shafer Court, Suite 475
Rosemont, IL 60018
847.939.6010
ISAIAH HARF
RYAN NELSON
GREG NIEDER
847-939-6018
iharf@foresiterealty.com
847-939-6017
rnelson@foresiterealty.com
847-939-6015
gnieder@foresiterealty.com
www.foresiterealty.com
3