Marcus & Millichap is pleased to present Woodfield Grove Office Center, a 63,345-square-foot, well-maintained, single-story office portfolio located at 830–890 East Higgins Road in Schaumburg, Illinois. The property was constructed in 1976 and recently remodeled. It is composed of four (4) buildings varying in size, situated on a five-and-a-half (5.5) acre lot. The property offers 240 parking spaces, lush landscaping, and an attractive retail-centric location. Notable establishments within a one-mile radius include Woodfield Mall, Lifetime Fitness, and Bank of America, demonstrating the high value of this retail area.
Woodfield Grove Office Center is currently 88% occupied with a diverse roster of over 100 tenants. The property has demonstrated above-market occupancy and has historically outperformed the overall Woodfield office market. The property is expected to continue providing strong cash flow due to its above-market tenancy. The rent roll provides stability through consistent occupancy by many smaller tenants that have remained in this location for many years. This is a great opportunity for an investor to add a well-located asset with a strong tenant base and stable cash flow to their portfolio. A future property reversion strategy is also possible, including potential redevelopment into a bigbox retail site such as Whole Foods or Mariano’s. Overall, this highly accessible location supports consistent tenant demand and enhances the asset’s long-term investment appeal.
License #: IL:471.007675
(312) 327-5412john.abuja@marcusmillichap.com