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Elk Grove Village, IL

1111 Nicholas Boulevard

Address:
1111 Nicholas Blvd, Elk Grove Village, IL 60007
Property Type:
Single Tenant
Price:
$4,490,000
Cap Rate:
7.00% cap
NOI:
$314,342
Square Feet:
45,880 sqft
Lot Size:
2.85 acres
Price Per Square Foot:
$97.86
Year Built:
1967/1985
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* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

Investment Highlights

• Orsini Specialty Pharmacy Has Performed Very Strongly Through COVID-19
• 5.5 Years Remaining on a 7.5 Year NNN Lease Offers a Hands-Off Investment Opportunity
• Orsini is a Leading National Specialty Pharmacy in the United States
• The Property is Ideally Located with Immediate Access to I-90 and O’Hare International Airport
• National Headquarters for Orsini Specialty Pharmacy – Strategic Central Location to Ship Across the Country
• Rare Separate 1 Acre Parcel With 117 Parking Spaces
• 28’ Clear Height Warehouse Space

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1111 Nicholas Boulevard in Elk Grove Village, Illinois leased to Orsini Specialty Pharmacy. The subject property consists of approximately 45,880 square feet of space and is situated on 2.85 acres of land. The asset features 24,293 square feet of office space, 28’ clear height warehouse space, and a separate one-acre parcel with an additional 117 parking spaces. A leading national specialty pharmacy in the U.S., the subject property is national headquarters for Orsini Specialty Pharmacy who has performed strongly throughout COVID-19. With 5.5 years remaining on a 7.5-year, triple-net lease, this offers a hands-off investment opportunity with a tenant who has been at the location for 12 years. The subject property is ideally located with immediate Access to I-90 and O’Hare International Airport, allowing Orsini to ship across the country.

Orsini is a leading independent national specialty pharmacy with corporate headquarters near Chicago, Illinois, and accredited by ACHC, JCAHO, URAC, and VIPPS. Orsini has been providing patients with comprehensive and compassionate care since 1987. The services they provide allow patients, physicians, payors and manufacturers to improve care, simplify processes, and achieve better outcomes. Their clinical model is centered around Care Teams that allow them to provide personalized care to patients based on their specific complex and chronic conditions and treatments. https://www.orsinispecialtypharmacy.com/

Elk Grove Village has established itself as one of the most business-friendly locations in the United States. With approximately 3,600 neighbor businesses, it has grown to become the largest business park in the country, covering nearly five square miles adjacent to global and national transportation hubs. Situated adjacent to O’Hare International Airport and the City of Chicago, Elk Grove Village also offers especially convenient access to Interstates 90, 290, 294 and 355, as well as the 390 Expressway. Extensive freight rail service serves companies within the commercial zone. Elk Grove Village continues to have the lowest combined property tax rate among comparable Cook County suburbs. (elkgrovesites.com)

BROKER OF RECORD
STEVEN WEINSTOCK
Illinois Broker of Record
One Mid America Plaza, Suite 200
Oakbrook Terrace, IL 60181
Tel: 630-570-2250
Steven.Weinstock@marcusmillichap.com
License: IL 471.011175
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2021 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0370689)