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Realestate, Rental & Leasing

5 Location Service Suites CRE Portfolio 96% Occupied

Hoffman Estates, IL, USA
Listed 244 days ago
Established 2007

DESCRIPTION: OVERVIEW For sale is a multi-property commercial real estate portfolio comprising retail-facing service suites (“professional suite” units) for independent B2C service providers. The sale includes all owned building parcels, plus the leasing/tenant-management operation, which has maintained nearly 20 years of operating history and 96%+/- average occupancy (per seller). This opportunity is best underwritten as a stabilized, diversified-tenant CRE investment with value-add rent upside (not a traditional owner-operator business). WHAT YOU’RE BUYING PORTFOLIO HIGHLIGHTS FINANCIAL SNAPSHOT (AS PRESENTED) VALUE-ADD / GROWTH OPPORTUNITIES Seller indicates many units are 20% or more below market rent. Upside levers include: OPERATIONS & MANAGEMENT BUYER FIT Ideal for: Not ideal for: - SBA buyers / owner-occupied financing structures FINANCING NOTE (IMPORTANT) This is not typically SBA-eligible due to the non-owner-occupied nature (many tenant occupants). Expect commercial real estate lending terms, often requiring ~20–30% down (varies by lender/structure). Some lenders may require a compensating balance in an account in addition to the equity injection. REASON FOR SALE Owner is selling to semi-retire, pursue other interests, and relocate full-time.

Location

Upscale private office suites in modern, well-kept buildings. Professional service providers such as med spas, estheticians, etc.

Home Based

This business can be run from home

Real Estate

Real Property Included

Trading Hours

As needed.

Management Type

This business is owner operated.

Premises Details

The gross square footage of all locations combined is approximately 17,452 square feet. The rentable square footage of all locations combined is approximately 11,168 square feet. (Home-Based). Operated by owners from a home base.

Support & Training

As much as needed and as agreed during purchase process.

Expansion Potential

The locations are approximately 96% occupied on balance. Many tenant units at each location are as much as 20-30% below market rent, according to the seller, and can be increased by a new owner by phasing in increases over the coming years.

Size In Square Feet

17,452

Competition / Market

Consistent, professional, and growing demand for modern office suites within the building layout. High-quality and well-kept building environment and operations set the standard in this case.

Inventory / Stock Value

$10,000 - included in the asking price

Reason for Selling

Semi-Retirement, relocation,and family obligations.

Financials

Asking Price
$4.9M
RevenueMost Recent Year
$971K
Earnings (SDE)Last Reported
$639K
Assets ValueIncluded in Asking Price
$500K
Seller Financing
Not available

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