1391 Corporate Drive presents the market with an excellent opportunity to acquire a partially leased flex office property in an industrial/office corridor within McHenry, Illinois. The professionally maintained building totals 66,408 square feet of space and rests on a 6.5-acre parcel. There is ample on-site parking available, with 245 surface spaces available. The building is currently 35% leased to two tenants, a financial services firm and a civil engineering firm at lease rates of approximately $13 psf NNN. The building presents a new user/owner or investor/owner with an immense opportunity to acquire a flexible asset that can appeal to a wide range of potential tenants, including industries like financial services, call centers, medical offices, and production-based tenants. The space was partially renovated in 2021 to provide tenants with high-end finishes and a revitalized space. The asset also includes 10,000 square feet of warehouse space with 1,600-amp/480-volt/3-phase power. The property is also operated and managed by a professional property management firm that is available to continue on managing the property.

McHenry, Illinois, offers investors the opportunity to acquire an asset strategically located in the center of the triangle formed by three key midwestern cities: Chicago, Milwaukee, and Rockford. This centralized location makes it a hub for goods distributors and business providers, including Follett, one of the nation's leading educational suppliers. Demographics in this area feature an impressive workforce that companies will be able to utilize to fill their ranks. Within a 10-mile radius, there is a robust population of over 306,000 people, which is expected to expand modestly over the next five years. This population earns over $112,000 a year per household, while 30% of the population base has earned a bachelor's degree or higher. This property is also neighboring major medical including Northwestern and Mercy allowing for potential medical uses in addition to traditional office uses.

Do not miss the opportunity to acquire this value-add corporate center. It offers immense flexibility and appeal across several key industries, and the in-place cash flow affords time to execute new leasing strategies or owner usership.