Overview

Investment Highlights

  • Long-term, cash-flowing headquarters acquired at an 9.0% cap rate and a significant discount to replacement cost.
  • Tenant has occupied the property since 2001 and invested $4.1M in recent renovations, reinforcing commitment.
  • Absolute NNN lease structure provides predictable income with no landlord responsibilities.
  • Located in Chicago’s East-West Tollway submarket with excellent interstate access and strong demographics.
  • Below-market rent of $14.00 NNN offers embedded mark-tomarket upside at renewal.
  • Status Under Management
  • Area 44,069 Building Size
  • Location Woodridge, IL
  • Type Office
  • StrategySentinel Opportunity Fund I

Description

The V3 Companies headquarters is a 44,096 square foot office and laboratory facility located in Woodridge, Illinois within the Chicago metropolitan area. The property serves as the long-time corporate headquarters for V3 Companies and has supported the firm’s operations at this location since 2001. The facility includes modern office, laboratory, and collaboration space designed to support the company’s engineering and environmental consulting services.

V3 Companies is a multidisciplinary engineering and construction firm serving the transportation, environmental, water, and natural resource sectors across the United States and Canada. The company recently invested approximately $4.1 million into renovations at the property, including upgrades to the lobby, conference areas, wellness spaces, and technology infrastructure, reinforcing the site’s role as the firm’s operational hub.

The property is 100 percent leased to V3 Companies under a long-term NNN lease with a remaining lease term through September 2036 and fixed annual rent escalations. The long term lease structure and tenant commitment to the facility support stable in-place income while providing Sentinel flexibility around long-term ownership and exit timing.

Key Metrics

  • Purchase Price: $7,000,000
  • Purchase Price / SF: $159
  • Est. Replacement Cost*: $300
  • Acquisition Cap Rate: 9.0%
  • Projected Yr 1 Cash-on-Cash: 9.2%
  • Projected Net IRR: 15.4%
  • Projected MOIC: 1.8x
  • Distribution Frequency: Quarterly
  • Projected Investment Period: 5 Years

Property Information

  • Property Type: Office
  • Class: B+
  • Year Built / Renovation: 2001 | 2018 | 2025
  • Net Rentable SF: 44,096
  • Acreage: 4.45
  • Occupancy: 100%
  • Parking Ratio: 181 spaces/41 ratio

Gallery

Location

Address

7325 Janes Avenue Woodridge, IL 60517