330 Main, Barrington
Three-Story, Class A Office Building
- Acquired in 2011
- Purchase Price of 922,000
- Square Footage of 13,600
- Refinanced after bringing building’s occupancy up by 100%
330 Main, LLC (“330”) owns a three story Class A elevator building located at 330 Main Street in downtown Barrington across the street from the Barrington Metra Station and within walking distance of retail, restaurants, and service providers in downtown Barrington. This is a classic transportation oriented development (TOD). The property is comprised of approximately 13,000 square feet, 16 heated underground enclosed parking spaces, 16 exterior surface parking spaces and 8 on-street parking on two adjacent streets. This is the only office building in downtown Barrington with heated underground parking. The building has two excellent tenants on the first floor, the Barrington Eye Care Center and Advanced Eye Care. The second floor is an executive suites floor with 18 suites, a conference room, central reception area, and business equipment area. The third floor is leased to Barrington Wealth Management which commenced on February 1, 2013 and has a firm term of 5 years with renewal options for another 10 years. 330 East Main Street is a strong competitor in the marketplace and a great working environment.