"The location has proximity to O'Hare and access to a four-way interchange," Sullivan tells GlobeSt.com. "Another reason most people want to be here is that the building has heavy power and tollway visibility. Anyone with a large employment numbers could benefit by the public transportation, restaurants and hotels nearby."

Originally constructed in 1979, the 304,000-square-foot building is near the Kennedy expressway. Berlin's space offers 22-foot clear ceilings, 7,500 square feet of office, 10 loading docks and a drive-in door.

The building houses two other tenants - Sheet Metal Werks in 79,000 square feet and Advanced Mechanical Systems in 46,000 square feet. It is currently around 75% occupied, with about 74,000 square feet remaining available, offering an 11,000-square-foot all-office unit and 63,000 square feet of industrial. Asking lease rates range from above $4 per square foot net for the industrial, to around $7 per square foot for the office.

The property is located in northwest Cook County, where average asking lease rates range from $5 to $9 per square foot net, according to Cushman & Wakefield's recent industrial market report. The occupancy rate in that area is around 88%, the report said. "There's been a lot of activity in terms of showings, but not a lot of velocity in terms of actually getting deals done," Sullivan says.