Mount Prospect, IL
900 Business Center drive is a 43,282 square foot two-tenant industrial property located in Kensington Business Center. The property’s largest tenant, BladeRoom, LLC, occupies approximately 70% of the 43,538 square feet and this building serves as BladeRoom’s USA headquarters for this impressive operation. BladeRoom has made a significant investment in the property with the installation of a demonstration facility adjacent to the building, giving their customers the opportunity to see an operational BladeRoom Data Center. The property’s newest tenant, Laurens Restoration, represents an expansion into the market for this seasoned disaster restoration firm. This opportunity allowed us to purchase a fully-leased, well-maintained industrial building in a very strong industrial market (sub 6% vacancy) at a price that is significantly below replacement cost, at an above-market cap rate for industrial property, and with tenants that have below-market rents.