Office Condo Investment Sale

Office for Sale
Catylist Listing ID: 30641059
Property Subtypes: Office Building
Building Status: Proposed
Building Size (RSF): 4,627 SF
Gross Building Area: 48,000 SF
Gross Land Area: 2.86 Acres
Sale Price: $1,150,000
Unit Price: $248.54 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 9/21/2020

Overview / Comments

Caton Commercial Real Estate has been retained to exclusively offer for sale two fully leased office condominium units. The condos are located in a 48,000 SF professional office building that sits on 2.48 acres in south Naperville. National
credit tenants occupy each of the two units offered for sale and have rent increases built into their leases. Leases are triple net with tenants paying CAM and tax expenses.
The building is located adjacent to Neuqua Valley High School and the YMCA on 95th Street. Conveniently located just minutes from the Route 59 retail corridor with ample shopping and dining options.
Please do not disturb tenants, showings are by appointment only
• LapCorp, a S&P 500 company, occupies unit 100 that is 1,912 SF
• Athletico, a prominent privately held company with over $100 million in revenue, occupies unit 300 that is 2,715 SF
• National credit tenants with net leases
• Prominent location in professional office building in Naperville

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Will
Tax ID/APN: 0701102010361003

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,505 99,203 268,359
Median Age: 37.74 35.46 35.35
Households: 4,749 31,349 87,559

Contact

Photograph of Listing Agent

Randy Petri

Caton Commercial
ICEx Member
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