Marketed by VPs James J. Postweiler, William J. Novelli Jr. and Mark S. Hellwig of the Oak Brook office of CB Richard Ellis, Corporate West I at 4300 Commerce Ct. is being offered at a 5.72% capitalization rate based on current net operating income. However, the $90 per sf price is less than replacement cost for an asset that has undergone two renovations during the last 10 years, including a refinished lobby.
The building, owned by San Diego-based Weymouth Holdings Inc. since 1997, according to property records, is in a mixed-use area that includes other office properties as well as a Hilton hotel.
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