Multi-Location Service Suite CRE Portfolio & Biz

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 & Multi-County area)
- A proven suite-based leasing model with dozens of small tenants per location
- A low-touch management operation (can be self-managed or outsourced)

PORTFOLIO HIGHLIGHTS
- 96%+/- occupancy across the portfolio (per seller)
- Diversified tenant base (many small service professionals vs. single-tenant risk)
- Modern, clean, secure buildings in well-maintained areas
- Units designed for tenant customization with upscale interior finishes / aesthetic flexibility
- Long-standing concept with consistent leasing demand for almost 2 decades

FINANCIAL SNAPSHOT (AS PRESENTED)
- Asking Price: $5,500,000
- Annual Revenue: $971,102
- SDE: $638,644
- Real Estate Value Component: $3,200,000-$3,800,000 (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 mark-to-market on new leases
- Standardized pricing/rate cards across locations
- Modest, targeted improvements that support higher rents

OPERATIONS & MANAGEMENT
- Current ownership runs this as a low-touch, 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:
- Value-add 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, income-producing 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.