Property Type Office - General Office
Property Size 159,420 Sqft
Lot Size 17.11 Acre
Parking Spaces Avail. 510
Parking Ratio 3.20/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class A
Year Built 1986

Location

Map
Street

City Deerfield, IL
Zip Code 60015
Market Chicago

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 12 Jun, 2015
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date
Loan Maturity Date

Market Trends

Average Actual Rents in Deerfield

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Deerfield Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $25.67
2020 Office Vacancy Rate 19.19%
2020 Office Completions (Sqft)

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Tax

Property Tax in 2020 $33,752,659
Market Value $94,788,904
Assessed Value $94,788,904

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Corporate 500 Centre - 510 Lake Cook Road, Deerfield, IL 60015 - Office Space

Corporate 500 Centre - 510 Lake Cook Road is located at 510 Lake Cook Road in IL, Deerfield, 60015. The Class A Office building was completed in 1986 and features a total of 159,420 Sqft.

There are 162 office spaces for lease in the Deerfield city, totaling 1,833,994 Sqft of available office space. The office space availability for the 60015 zip code is 1,833,994 Sqft, in 162 office spaces. The average asking office rent per sq. ft. in Deerfield is $20.09/sqft/year. For Class A office buildings the average office rate is $22.92/sqft/year, for Class B office buildings the average office rate is $19.17/sqft/year, for Class C office buildings the average office rate is $15.5/sqft/year.

In Deerfield, there are 19 class A office buildings. In Deerfield, there are a total of 1 LEED certified office buildings. In 1986, the same year Corporate 500 Centre - 510 Lake Cook Road was built, 50 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Deerfield, featuring 901,194 square feet of commercial space. At zip code level, there are 48 commercial properties, of which 43 are office buildings over 50,000 square feet.