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Chicago Suburban Office Comparables
| Property/Address |
Date of Sale |
Size (SF) Yr. Built |
Occupancy |
Price/SF |
Comments |
| 400 Skokie Blvd. Northlake, IL |
08/10 | 199,991 1984/1993 |
80% | $131 | 9.00% |
| 333 E. Butterfield Rd. Deerfield, IL |
06/10 | 367,108 1984-86 |
69% | $90 | 7.60% |
| 800 Biesterfield Rd. Elk Grove Village, IL |
11/09 | 263,350 2003-05 |
98% | $237 | 7.80% |
| 1435 W. Lake Cook Rd. Deerfield, IL |
07/09 | 165,400 1982 |
96% | $103 | |
| 601 Northwest Ave. Northlake, IL |
06/09 | 707,244 2008 |
100% | $258 | Microsoft Data Center |
| 2 Lincoln Center Oak Brook Terrace, IL |
12/08 | 253,000 2001 |
N/A | $238 | |
| 1550 Northwest Hwy Park Ridge, IL |
7/08 | 178,000 1970,1978 |
69% | $99 | 2 property sale, 7.9% |
| 5 Revere Drive Northbrook, IL |
3/08 | 175,000 1982 |
100% | $178 | 8.0% |
| 425 & 475 Martingale, Schaumburg, IL | 12/07 | 712,000 1986 |
82% | $134 | 2 property sale |
| 10 & 20 N Martingale Schaumburg, IL |
11/07 | 610,000 2000 |
96% | $224 | 2 property sale, 6.3% |
| 700 Oakmont Lane Westmont, IL |
10/07 | 270,000 1989 |
100% | $132 | |
| 25 Northwest Point Blvd Elk Grove Village, IL |
9/07 | 207,000 1989 |
88% | $152 | |
| 1007 Church St. Evanston, IL |
8/07 | 153,000 1984 |
93% | $176 | |
| 3025 Highland Pkwy Downers Grove, IL |
4/07 | 274,000 1998 |
93% | $250 | |
| Mid America Plaza, Oakbrook Terrace, IL | 3/07 | 407,000 | N/A | $245 | 2 property sale |
| 1500 Mittel Blvd. Wood Dale, IL |
3/07 | 250,000 1991 |
100% | $174 | |
| 1901 N. Roselle Rd. Schaumburg, IL | 12/06 |
205,000 |
100% |
$138 | 6.4% |
| 2 Pierce Place
Itasca, IL |
12/06 |
487,000 |
100% |
$186 | |
| 300 N Martingale Rd. Schaumburg, IL | 11/06 |
155,391 |
40% |
$104 | |
| 1600 Golf Road Rolling Meadows |
09/06 |
255,000 |
69% |
$88 | 8.5% |
| 1420-1520 Kensington Oak Brook, IL | 07/06 |
300,000 |
90% |
$140 | 8.53% |
| 190 East Lake Avenue Glenview, IL | 05/06 |
188,000 |
100% |
$277 | 6.76% |
| 8755 West Higgins Rd. Chicago, IL | 03/06 |
237,320 |
71% |
$126 | 6.13% |
| 8750/8770 Bryn Mwar Chicago, IL | 02/06 |
631,445 |
80% |
$143 | 7.91% |
| 3800 Golf Road Rolling Meadows, IL | 1/06 |
500,000 |
100% |
$124 | 7.38% |
| 1500 Shure Arlington Heights, IL |
1/06 |
158,000 |
85% |
$152 | |
| 6250 River Road Rosemont, IL | 1/06 |
370,593 |
90% |
$196 | |
| 1717 Deerfield Deerfield, IL |
12/05 |
137,904 |
100% |
$182 | |
| 2651 Warrenville Downers Grove, IL | 12/05 |
299,896 |
100% |
$193 | |
| 1250 Techny Northbrook, IL |
11/05 |
159,434 |
100% |
$251 | Sale Leaseback |
| 2000 SBC Center Hoffman Estates, IL | 11/05 |
1,590,000 |
95% |
$213 | 6.1% |
| 1815 Meyers Oakbrook Terrace, IL |
10/05 |
232,052 |
86% |
$110 | 6.5% |
| 9450 Bryn Mawr Rosemont, IL | 9/05 |
151,716 |
75% |
$97 | |
| 150 Martingale Schaumburg, IL | 9/05 |
500,556 |
88% |
$183 | |
| 6400 Shafer Rosemont, IL |
8/05 |
176,168 |
67% |
$91 | |
| 3075 Highland Downers Grove, IL |
7/05 |
250,000 |
89% |
$268 | 6.5% |
| 1901 Roselle Schaumburg, IL | 7/05 |
205,358 |
80% |
$102 | 6.9% |
| 2707 Butterfield Oak Brook, IL |
7/05 |
311,460 |
86% |
$122 | 8.0% |
| 1801 Meyers Oakbrook Terrace, IL |
6/05 |
123,734 |
81% |
$92 | |
| 10255-75 W. Higgins Rosemont, IL | 6/05 |
516,779 |
91% |
$88 | |
| 6133 River Road Rosemont, IL | 5/05 |
877,082 |
94% |
$134 | Multi-Bldg Sale |
| 90 Half Day Lincolnshire, IL |
5/05 |
325,878 |
100% |
$192 | Sale Leaseback |
| 215 Diehl Naperville, IL |
4/05 |
167,260 |
100% |
$146 | 100%Leased to ConAgra |
| 5251 Old Orchard Skokie, IL |
4/05 |
209,616 |
78% |
$126 | 6.0% |
| 5401 Trillium Hoffman Estates, IL |
3/05 |
100,000 |
95+%
|
$164 | Sears Partial Tenant |
| 2301 22nd Street Oak Brook, IL |
2/05 |
179,400 |
82% |
$131 | 7.75% |
| 2 Transam Oakbrook Terrace, IL |
2/05 |
117,717 |
91% |
$90 | |
| 3010 Highland Downers Grove, IL |
12/04 |
275,194 |
92% |
$191 | 92% |
| 2221 Camden Oak Brook, IL | 12/04 |
101,244 |
33% |
$88 | 33% |
| 500 Park Itasca, IL |
12/04 |
976,036 |
79% |
$129 | |
| 2200 Kensington Oak Brook, IL |
12/04 |
206,000 |
100% |
$195 | 7.1% |
| 1400-50 American Schaumburg, IL | 11/04 |
807,624 |
98% |
$171 | Sale Leaseback 6.2% |
| 1901 Meyers Oakbrook Terrace, IL |
11/04 |
324,942 |
90% |
$117 | |
| 2441 Warrenville Lisle, IL |
11/04 |
296,486 |
68% |
$151 | 6.5% |
| 1615-75 Lakeside Waukegan, IL | 10/04 |
199,319 |
100% |
$163 | 9.2% Both leased to Abbott |
| 2650 Warrenville Downers Grove, IL | 10/04 |
221,939 |
99% |
$182 | 8.0% REIT Acquisition |
| 2300 Cabot Lisle, IL | 10/04 |
151,664 |
73% |
$115 | Portfolio Sale |
| 2001 Spring Oak Brook, IL |
9/04 |
521,685 |
92% |
$190 | |
| 999 Oakmont Plaza Westmont, IL | 9/04 |
117,841 |
90% |
$131 | 9.0% |
| 1411 Lake Cook Deerfield, IL | 8/04 |
203,355 |
100% |
$99 | |
| 544 Lakeview Vernon Hills, IL |
8/04 |
145,000 |
100% |
$159 | |
| 3333 Finley Downers Grove, IL |
8/04 |
206,500 |
97% |
$228 | 8.0% |
| 1501 Opus Downers Grove, IL |
8/04 |
116,546 |
97% |
$206 | 8.0% |
| 1333 Butterfield Downers Grove, IL | 3/04 |
176,306 |
90% |
$108 | 9.5% |
| 1100 W. Lake Cook Buffalo Grove, IL | 12/03 |
97,831 |
97% |
$191 | 9.25% Cap Rate |
| 184 Shuman Blvd Naperville, IL | 12/03 |
131,284 1989 |
$126 | ||
| 2301 Patriot Blvd Glenview, IL | 11/03 |
176,000
|
97% |
$153 | 7.32% Cap Rate |
| 2200-2400 E. Devon Des Plaines, IL | 11/03 |
736,156 1969 |
75% |
$60 | 8.76% Cap Rate |
| 220 N. Smith St Palatine, IL | 10/03 |
102,518 2003 |
90% |
$107 | 13.16% |
| 9022 Heritage Pkwy Woodridge, IL | 10/03 |
97,000 2003 |
97% |
$176 | 8.4% |
| 1101-1171 Tower Ln Bensenville, IL | 10/03 |
86,087 1978 |
97% |
$161 | 7.81% Cap Rate |
| 6111 N River Road Rosemont, IL | 09/03 |
267,152 1987 |
$72 | ||
| 5550 Prairie Stone Pkwy Hoffman Estates, IL | 09/03 |
193,701 2000 |
$136 | 9.0% Cap Rate | |
| 155 N Pfingston Rd Deerfield, IL | 08/03 |
116,895 1987 |
90% |
$127 | 9.56% Cap Rate |
| 1200 Shermer Road Northbrook, IL | 08/03 |
335,256 1982 |
92% |
$150 | |
| 2200 Cabot Dr Lisle, IL |
06/03 |
125,000 1989 |
97% |
$178 | 8.4% Cap Rate |
| 150 NW Point Blvd Elk Grove Village, IL |
05/03 |
176,844 2001 |
$89 | ||
| 102-108 Wilmot Rd Deerfield, IL | 03/03 |
324,833 1976 |
87% |
$105 | 9.0% Cap Rate |
| 2001 Spring Rd Oak Brook, IL |
03/03 |
521,685 1972 |
93% |
$191 | 8.02% Cap Rate |
| 1101 Perimeter Drive Schaumburg, IL | 03/03 |
161,746 1978 |
100% |
$66 | 10.62% Cap Rate |
| 800 Commerce Drive Oak Brook, IL | 02/03 |
294,065 1970 |
97% |
$188 | 8.1% Cap Rate |
| 215 Shuman Blvd Naperville, IL | 02/03 |
209,344 1982 |
88% |
$125 | 9.9% Cap Rate |
| 700 Oakmont Lane Westmont, IL | 01/03 |
269,466 1997 |
93% |
$93 | 8.09% Cap Rate |
| 75 Executive Dr Aurora, IL |
12/02 |
217,916 1980 |
98% |
$111 | 10.88% Cap Rate |
| 1603 Orrington Ave Evanston, IL | 12/02 |
340,052 1969 |
91% |
$127 | 9.02% Cap Rate |
| 55 Shuman Blvd Naperville, IL | 12/02 |
218,185 1986 |
75% |
$107 | 11.27% Cap Rate |
| 1415-1515 W. 22nd St Oak Brook, IL | 12/02 |
402,318 1977 |
95% |
$165 | 10.08% Cap Rate |
| 1650 Lake Cook Rd Deerfield, IL | 11/02 |
125,690 1997
|
$201 | ||
| 2200 Kensington Ct Oak Brook, IL |
07/02 |
206,000 |
$112 | ||
| 500 Skokie Blvd Northbrook, IL | 07/02 |
282,947 1980 |
$121 | 9.75% Cap Rate | |
| 1000 Technology Way Libertyville, IL | 06/02 |
93,233 1999 |
97% |
$150 | 6.48% Cap Rate |
| 850 Technology Way Libertyville, IL | 06/02 |
96,000 1999 |
97% |
$143 | 7.88% Cap Rate |
| 2000 York Rd Oak Brook, IL |
06/02 |
199,245 1968 |
84% |
$84 | 9.06% Cap Rate |
| 1700 E. Golf Rd Schaumburg, IL | 06/02 |
203,140 1989 |
88% |
$125 | 6.18% |
| 3800 N. Wilke Rd Arlington Heights, IL | 06/02 |
243,355 1986 |
91% |
$78 | 9.81% Cap Rate |
| 6400 Shafer Ct Rosemont, IL | 06/02 |
162,115 1980 |
75% |
$86 | 6.26% Cap Rate |
| 3050 Highland Pkwy Downers Grove, IL | 06/02 |
250,542 2002 |
100% |
$206 | 7.85% Cap Rate |
| 17W755 Butterfield Oakbrook Terrace, IL | 03/02 |
106,248 1985 |
92% |
$111 | 10.86% Cap Rate |
| 700-702 N Deerpath Vernon Hills, IL | 01/02 |
122,604 1984 |
95% |
$101 | 10.00 % Cap Rate |
| 901-911 N Elm Street Hinsdale, IL | 12/01 |
402,218 |
88% |
$108 | 10.35% Cap Rate |
| 1063 W. Hawthorn Dr Itasca, IL | 12/01 |
173,492 1973 |
90% |
$123 | 9.89% Cap Rate |
| 50 Northwest Point Elk Grove Village, IL |
12/01 |
176,848 1999 |
100% |
$170 | |
| 801-815 Ogden Ave Lisle, IL | 07/01 |
86,172 1999 |
100% |
$145 | 9.32% Cap Rate |
| 1300 E. Woodfield Rd Schaumburg, IL | 07/01 |
133,647 1984 |
90% |
$112 | 10.66% Cap Rate |
| 1099 W. Hawthorn Dr Itasca, IL | 06/01 |
173,492 1989 |
96% |
$59 | 9.0% Cap Rate |
| 1101 Perimeter Schaumburg, IL | 05/01 |
161,746 1978 |
100% |
$95 | 10.15% Cap Rate |
| 2625 Butterfield Rd Oak Brook, IL |
05/01 |
200,772 1972 |
87% |
$112 | 9.98% Cap Rate |
| 1500 W. Shure Dr Arlington Heights, IL | 04/01 |
158,255 1986 |
42% |
$107 | 11.13% Cap Rate |
| 700 Oakmont Ln Westmont, IL | 03/01 |
269,765 |
100% |
$56 | |
| 2001 York Rd Oak Brook, IL |
12/00 |
184,017 1999 |
100% |
$217 | |
| 3010 Highland Pkwy Downers Grove, IL | 11/00 |
267,049 2000 |
97% |
$192 | 8.56% Cap Rate |
| 1901 N Roselle Road Schaumburg, IL | 09/00 |
205,358 1989 |
71% |
$136 | 9.48% Cap Rate |
| 111 S. Pfingston Rd Deerfield, IL | 09/00 |
120,927 1986
|
$124 | 10.00% Cap Rate | |
| 9701 W. Higgins Rd Rosemont, IL | 08/00 |
325,000 1976 |
92% |
$86 | 11.05% Cap Rate |
| 480 Quadrangle Dr Bolingbrook, IL | 07/00 |
98,129 1999 |
N/A |
$139 | |
| 611-51 E. Butterfield Rd. Lombard, IL | 6/00 |
98,619 1980 |
96% |
$112 | 10.23% Cap Rate |
| 4450 Weaver Parkway Warrenville, IL | 4/00 |
59,989 1999 |
100% |
$125 | Tenant was buyer |
| 3805-15 E. Main St. Charles, IL |
3/00 |
56,100 1998 |
N/A |
$138 | Charles H. Street buyer |
| 3231 Euclid Berwyn, IL |
2/00 |
63,266 N/A |
N/A |
$70 | MacNeil Managment Buyer |
| 9401 Grand Av. Franklin Park, IL |
2/00 |
342,600 1961 |
N/A |
$16 | Klairmont Ent. seller |
| 2305 Enterprise Westchecter, IL | 1/00 |
62,580 1998 |
N/A |
$141 | Gerald Nudo Seller |
| 1100 Woodfield Schaumburg, IL | 1/00 |
103,012 1989 |
100% |
$179 | AKA: Four Woodfield Lake |
| 3315 Algonquin Rolling Meadows, IL | 1/00 |
73,300 1974 |
81% |
$89 | Purchased by Central Laborers' Pension Fund of IL |
| 555 E. Buterfield Lombard, IL | 11/99 |
36,000 1977 |
100% |
$86 | 10.92% cap |
| 821-93 Parkview Lombard, IL | 11/99 |
79,269 1989 |
100% |
$95 | |
| 2050 S. Finley Lombard, IL |
11/99 |
69,502 1999 |
50% |
$83 | |
| Citicorp Plaza (O'Hare) Chicago, IL | 11/99 |
600,000 1981 |
97% |
$108 | |
| 40 Skokie Blvd. Northbrook, IL | 10/99 |
105,924 1984 |
96% |
$126 | 10.9% cap |
| 1051 Perimeter Schaumburg, IL | 10/99 |
194,635 1973 |
95% |
$90 | 12.65% cap |
| 3701 Algonquin Rolling Meadows, IL |
10/99 |
191,920 1980 |
92% |
$86 | 10.8% cap |
| 930 N. National Schaumburg, IL | 10/99 |
103,012 1988 |
N/A |
$178 | 8.8% cap |
| 711 Jorie Blvd. Oak Brook, IL |
9/99 |
201,876 1980 |
0% |
$149 | Formally 100% occupied by McDonalds |
| Mid America Pl. Oakbrook Terrace, IL | 9/99 |
440,000 1985 |
93% |
$168 | 9.3% cap |
| 800 Jorie Blvd. Oak Brook, IL |
8/99 |
190,829 1962 |
100% |
$155 | 10.5% cap |
| Walden Office C. Schaumburg, IL | 8/99 |
227,760 1977 |
90% |
$72 | 13.6% cap |
| 360 W. Butterfield Rd Elmhurst, IL | 7/99 |
70,875
1987 |
89% |
$89 | |
| 2800 S. River Rd Des Plaines, IL |
7/99 |
101,000 1983 |
88% |
$80 | Seller was Great lakes REIT |
| One Woodfield Lake 100 E. Woodfield, Schaumburg, IL | 6/99 |
204,660 1979 |
72% |
$113 | 10.25% cap |
| 150 N. Martingale, Schaumburg IL | 6/99 |
1,600,000 1982 |
97% |
$137 | 9 Buildings |
| 75 Executive Center, Aurora, IL | 6/99 |
114,539 1980/95 |
57% |
$74 | 9.5% cap |
| Thorndale Office Ct, 1050 Rte 83 Bensenville, IL | 6/99 |
61,054
1976 |
93% |
$92 | |
| Lakewoods Corp 650 E. Algonquin Schaumburg, IL |
5/99 |
81,600
1986 |
100% |
$102 | 10.25% cap |
| WMX Corp Headquarters, Oak Brook, IL |
5/99 |
520,680 1970/80 |
0% |
$90 | 100% Vacant |
| One Energy Ctr 40 Shuman Naperville, IL |
4/99 |
163,080 1982 |
80% |
$109 | |
| 2200 Cabot Lisle, IL |
3/99 |
124,200 1989 |
39% |
$137 | Projected 10.2% cap |
| Commerc'l Union 1805 High Point, Naperville, IL |
3/99 |
104,722 1986 |
100% |
$117 | 10.5% cap |
| 4709 Golf Road Skokie, IL |
1/99 |
281,000 1971 |
96% |
$94 | 9% cap |
| Oak West Office 17W695 Butterfield Oakbrook Terrace, IL | 1/99 |
77,867 1971 |
97% |
$83 | |
| Highland Landmark I Downers Grve, IL | 12/98 |
273,000 1998 |
100% |
$184 | 8.3% cap |
| Citibank Office 1900 Spring Oak Brook, IL |
12/98 |
100,344 1978 |
90% |
$154 | 7% cap |
| 5215 Old Orchard Skokie, IL |
12/98 |
209,616 1984 |
92% |
$132 | 9.0% cap |
| Columbia Centre I, 5600 N. River Rosemont, IL |
12/98 |
221,269 1986 |
100% |
$122 | |
| Computer Associates 2400 Cabot Drive Lisle, IL |
11/98 |
180,000 1987 |
100% |
$217 | Buyer is tenant |
| 600 Oakmont Circle Westmont, IL |
10/98 |
117,738 1990 |
91% |
$150 | Cap Rate was 9.1% |
| Oak Brook Commerce 903 Commerce Oak Brook, IL |
10/98 |
70,800 1969 |
100% |
$131 | Cap Rate was 8.4% |
| Ex-Zenith Headquarters 1000 N. Milwaukee
Glenview, IL |
10/98 |
450,000 1975 |
To be vacated |
$44 | |
| O'Hare Plaza 8725 W. Higgins Chicago, IL |
10/98 |
474,000 1972 |
98% |
$105 | Cap Rate was 9% |
| Two Conway Park 150 North Field Drive Lake Forest, IL |
10/98 |
116,000 1998 |
0% |
$129 | |
| Transamerica Distr. Finance 5595 Trillium Blvd. Hoffman Estates, IL |
9/98 |
194,000 1998 |
100% |
$177 | Built-to-suit. |
| 1699 Wall Street Mount Prospect, IL |
9/98 |
146,000 1979 |
85% |
$54 | |
| Lisle Executive Center 3000-3030 Warrenville Road Lisle, IL |
9/98 |
149,791 1988 |
92% |
$119 | Cap Rate was 10.7%. |
| One O'Hare Center 6250 N. River Road Rosemont, IL |
8/98 |
379,685 1986 |
97% |
$171 | Cap Rate was 8.0%. |
| Executive Pl. 3 1010 Executive Court Westmont, IL |
8/98 |
63,800 1989 |
100% |
$125 | Cap Rate was 8.2%. |
| 1800 Sherman Avenue Evanston, IL |
8/98 |
135,679 1986 |
98% |
$109 | |
| 2300 Cabot Drive Lisle, IL |
8/98 |
151,664 1998 |
28% |
$91 | |
| Woodland Financial Ctr 1375 E. Woodfield Road Schaumburg, IL |
6/98 |
182,295 1982 |
86% |
$121 | Cap Rate was 9.0%. |
| Two Century Centre 1700 E. Golf Road Schaumburg, IL |
6/98 |
213,961 1990 |
98% |
$161 | |
| One Conway Park 100 N. Field Drive Lake Forest, IL |
5/98 |
108,750 1989 |
93% |
$175 | |
| 711 Jorie Boulevard Oak Brook, IL |
4/98 |
201,876 1980 |
100% |
$123 | Single Tenant |
| Northern Trust Building 10 Oak Brook Terrace Oak Brook, IL |
2/98 |
165,000 1983 |
N/A |
$158 | |
| Commerce Point Business Park 3800 N. Wilke Road Arlington Heights, IL |
2/98 |
236,642 1986 |
99% |
$120 | Cap Rate was 10.9%. |
| 1900 W. Field Court Lake Forest, IL |
2/98 |
268,000 1997 |
N/A |
$146 | |
| Two Pierce Place 2 Pierce Place Itasca, IL |
2/98 |
486,000 1991 |
N/A |
$134 | |
| Corporate 500 Centre I & II 500-540 Lake Cook Road Deerfield, IL |
1/98 |
656,000 1986 |
98% |
$229 | Cap Rate was 9.0%. |
| Columbia Center III 9525 W. Bryn Mawr Avenue Rosemont, IL |
1/98 |
238,941 1989 |
99% |
$161 | Cap Rate was 9.7%. |
| Caremark Towers I & II 2211 & 2215 Sanders Road Northbrook, IL |
1/98 |
361,447 1979 |
95% |
$116 | Cap Rate was 8.3%. |
| Highland Landmark I 3075 Highland Parkway Downers Grove, IL |
12/97 |
280,175 1997 |
97% |
$173 | Cap Rate was 8.2%. |
| Naperville Corporate Center 1240 E. Diehl Road Naperville, IL |
12/97 |
142,407 1991 |
100% |
$122 | |
| Lucent Tech 1200 Warrenville Naperville, IL |
12/97 |
340,120 1997 |
100% |
$101 | |
| 263 Shuman Boulevard Naperville, IL |
12/97 |
338,956 1986 |
100% |
$109 | Single Tenant. |
| The Olympian Office Center 4343 Commerce Court Lisle, IL |
11/97 |
167,756 1987 |
90% |
$152 | |
| 941-961 Weigel Drive Elmhurst, IL |
11/97 |
138,310 1989 |
N/A |
$107 | |
| Park Lake Center 184 Shuman Boulevard Naperville, IL |
10/97 |
116,428 1989 |
N/A |
$176 | |
| One Northbrook Place 5 Revere Drive Northbrook, IL |
10/97 |
174,591 1982 |
100% |
$129 | |
| Executive Towers West I, II, &
III 1400, 1411 Opus Place Downers Grove, IL |
8/97 |
649,842 1983 |
97% |
$147 | Three buildings. |
| Bannockburn Lake Office Plaza I 2201 Waukegan Road Bannockburn, IL |
7/97 |
108,476 1988 |
84% |
$133 |