A private investor participating in the Grubb & Ellis Wealth Management program has acquired the Fifth Third Bank Building in Schaumburg, Ill., for an undisclosed amount.
Located at 2580 W. Schaumburg Road, the newly constructed building is comprised of more than 4,000 square feet of rentable space situated on more than one acre of land. Solely leased to Fifth Third Bancorp, the property includes four drive-thru teller lanes, as well as 28 parking spaces.
The Fifth Third Bank building, sold by JBAS LLC, is an outparcel to the Prairie Towne Center, where an estimated 67,000 cars pass daily, and is also highly visible and accessible from Barrington Road, where an estimated 40,000 cars pass daily. The property is directly surrounded by dense residential neighborhoods, as well as various retail outlets, including Target, Home Depot and Staples.
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