Burnham Cantera checks all the boxes for a value-add investment: current vacancy and near-term lease expirations which create a mark-to-market opportunity, an extremely favorable financing environment, and a realistic exit strategy. 27545 Diehl Road has an immediate 31.4% lease up and 14.0% mark-to-market opportunity, while 27555 Diehl Road has a 100.0% future lease up opportunity commencing in February of 2020.
Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to present the true value-add opportunity to acquire the 100.0% fee simple interest in 27545 Diehl Road and 27555 Diehl Road (“Burnham Cantera” or the “Property”), a two (2) building office portfolio located in the prestigious western suburbs of Chicago. The Property consists of 136,156 rentable square feet (“RSF”) and is 85.6% leased to three (3) corporate tenants with 1.1 years of weighted average lease term (WALT) remaining. Prominently positioned just east of Winfield Road (4-way) and Interchange 88, the primary thoroughfare connecting the western suburbs, Burnham Cantera presents a unique opportunity to add value through lease up of existing and future vacancy in a highly accessible location.