Single-Story Multi-Tenant Office
270 Remington Blvd Bolingbrook, IL 60440
For Sale
Contact for pricing
Fully leased, professionally managed single-story office with five tenants and an NNN leasing structure.
Property Size46,721 SF
Price / SF$139.02
Days on Market1020
Property Features for 270 Remington Blvd
General Information
- Standard status
- Active
- Size
- 46,721 SF
- Property subtype
- OFFICE
Listing Agency:
Sperry Commercial | Chicago
(312) 402-3283
Listed By:
David Ellermann · License ##475.161622
Source:
Moodyscre
Added: Oct 11, 2023
Changed: Jul 25
Last Checked: Jul 26 at 12:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sperry Commercial | Chicago
Investment Insights
Based on property information with market context.
270 Remington is a fully-leased, single-story, multi-tenant office investment property with five tenants totaling 46,721 square feet. The building is professionally managed and maintained and is described as being in impeccable condition. Remington is one of two buildings on a 9.7-acre property, and the offering is structured on an NNN leasing basis, with zero common area loss factor.
The property is located in Will County directly off I-55 and IL-53, with easy access to interstate arteries including I-355. The campus is positioned for straightforward access for current and incoming tenancy. The property also notes curb appeal and a signage opportunity.
Most recently, in January, Amazon purchased a site for a future development distribution center less than a mile from the subject property. Tenancy is described as having consistent historical velocity within the Chicagoland submarket.
The property is located in Will County directly off I-55 and IL-53, with easy access to interstate arteries including I-355. The campus is positioned for straightforward access for current and incoming tenancy. The property also notes curb appeal and a signage opportunity.
Most recently, in January, Amazon purchased a site for a future development distribution center less than a mile from the subject property. Tenancy is described as having consistent historical velocity within the Chicagoland submarket.
Key Highlights
- Fully leased, single‑story multi‑tenant office investment with 5 tenants totaling 46,721 SF.
- NNN leasing structure; property professionally managed and maintained, reported in excellent condition.
- 9.7‑acre site with two buildings; Remington is one of the two buildings on the campus.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.05M | $22.56 |
| − Vacancy | −$305.7k | −$6.54 |
| EGI | $748.4k | $16.02 |
| − OpEx | −$187.1k | −$4.00 |
| NOI | $561.3k | $12.01 |
46,721 SF · lease $22.56/SF/yr · vacancy 29.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.02M
$7.02M – $9.35M
NOI $561,269 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.60M
$9.27M – $12.36M
NOI $741,743 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Fully leased, professionally managed single-story office with five tenants and an NNN leasing structure.
Where is this office building located?
The property is located at 270 Remington Blvd Bolingbrook, IL.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: Fully leased, single‑story multi‑tenant office investment with 5 tenants totaling 46,721 SF.; NNN leasing structure; property professionally managed and maintained, reported in excellent condition.; 9.7‑acre site with two buildings; Remington is one of the two buildings on the campus.
