DESCRIPTION:
OVERVIEW
For sale is a multi-property commercial real estate portfolio comprising retail-facing service suites (“professional suite” units) for independent B2C service providers. The sale includes all owned building parcels, plus the leasing/tenant-management operation, which has maintained nearly 20 years of operating history and 96%+/- average occupancy (per seller).
This opportunity is best underwritten as a stabilized, diversified-tenant CRE investment with value-add rent upside (not a traditional owner-operator business).
WHAT YOU’RE BUYING
- Multiple owned commercial properties across several nearby towns (Chicagoland / Cook & MultiCounty area)
- A proven suitebased leasing model with dozens of small tenants per location
- A lowtouch management operation (can be selfmanaged or outsourced)
PORTFOLIO HIGHLIGHTS
- 96%+/ occupancy across the portfolio (per seller)
- Diversified tenant base (many small service professionals vs. singletenant risk)
- Modern, clean, secure buildings in wellmaintained areas
- Units designed for tenant customization with upscale interior finishes / aesthetic flexibility
- Longstanding concept with consistent leasing demand for almost 2 decades
FINANCIAL SNAPSHOT (AS PRESENTED)
- Asking Price: $4,900,000
- Annual Revenue: $971,102
- SDE: $638,644
- Real Estate Value Component: 5 Commercial Condos at 5 different locations/towns included
- FF&E: $500,000 | Inventory: $10,000
VALUE-ADD / GROWTH OPPORTUNITIES
Seller indicates many units are 20% or more below market rent. Upside levers include:
- Phased rent increases at renewal (protect occupancy while resetting rates)
- Immediate marktomarket on new leases
- Standardized pricing/rate cards across locations
- Modest, targeted improvements that support higher rents
OPERATIONS & MANAGEMENT
- Current ownership runs this as a lowtouch, efficient leasing + property oversight model
- New owner can manage directly or hire a property management company (commonly feasible due to the model’s simplicity)
BUYER FIT
Ideal for:
- Valueadd CRE investors seeking stabilized occupancy + rent reset upside
- Family offices / HNW buyers wanting durable cashflow backed by owned real estate
- 1031 exchange buyers looking for diversified, incomeproducing property
- Operators already in service suites / professional suites who can systematize leasing and pricing
Not ideal for:
- SBA buyers / owner-occupied financing structures
FINANCING NOTE (IMPORTANT)
This is not typically SBA-eligible due to the non-owner-occupied nature (many tenant occupants). Expect commercial real estate lending terms, often requiring ~20–30% down (varies by lender/structure). Some lenders may require a compensating balance in an account in addition to the equity injection.
REASON FOR SALE
Owner is selling to semi-retire, pursue other interests, and relocate full-time.
