Wolf Business Center II, a 90,000-square-foot multi-tenant industrial building on 7.9 acres in Huntley, Illinois, has sold for $2,550,000.
Podolsky|Circle CORFAC International‘s middle market investment team have represented a regional bank in the sale of the single story office/warehouse building located at 10711-10785 Wolf Drive, immediately west of Route 47 via Algonquin Road. The building was 61% occupied at the time of sale.
Units range from 2,500 square feet up to 25,000 square feet, and features hard to find move-in ready suites with private offices and a combination of exterior docks and drive-in doors. The property has parking for 230 cars and features 18′ ceilings.
The buyer, a privately held real estate investment group, purchased the building as an investment property with the goal of stabilizing it through leasing.
