For Auction

REIT Sale | Value-Add Office | Chicago MSA | 106K SF

930 National Parkway,
Schaumburg, IL 60173

Asset Snapshot

Real Estate
Asset Type
Office
Property Type
Suburban Office
Office Subtype
1989
Year Built
5
Floor Count
1
Building Count
413
Parking Spots
5.67 Acres
Land Area
106,380 SF
Property Size

Offering Summary

Investment Highlights

  • Opportunity to purchase investment grade office building primed for redevelopment
  • Schaumburg, 8th largest city in Chicago MSA, offers an educated workforce, unprecedented amenities and easy access to highways
  • Qualifications for C-Pace financing on eligible improvements will enhance returns
  • Transit-oriented location creates a perfect option for tenants looking to draw from Chicago Metro


Property Overview

The Colliers | Chicago Office Capital Markets Team is pleased to present for the sale of 930 National (“the Property”) located at 930 National Parkway, Schaumburg, Illinois. The Property is comprised of a five-story, office building totaling 106,380 square feet.  The Property was originally built for Cellular One and was subsequently occupied by Cingular and AT&T.  In 2022 the Property became vacant and now represents a unique opportunity to acquire an institutionally owned and maintained asset in the heart of the Schaumburg market.  Floorplates of approximately 21,000 square feet and a central core, offer a multitude of options for dividing the space with exceptional window line. Wide column spacing is optimal for open floor plans and functional balconies provide tenants with their own private outdoor spaces to enjoy.
 

Due Diligence

Platform Fee

Buyer pays a minimum platform fee of 5% or $25,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273

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Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.