For Sale
$4,837,500

1935 Brookdale Rd Naperville, IL 60563

Stabilized Office Building, High Occupancy, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 32,000-square-foot, single-story office building in Naperville, Illinois. Located at 1935 Brookdale Road, this Class B property boasts a 93% occupancy rate with a single major tenant, Sourcebooks, who has occupied the space since its construction in 1999. The building features a convenient location near the Route 59 and I-88 interchange, providing easy access to Chicago and surrounding amenities. The property sits on a 3.19-acre lot and offers 3.4 parking spaces per 1,000 square feet. Currently generating a NOI of $374,522 with a 7.74% cap rate, the pro-forma NOI is projected at $411,829, resulting in an 8.51% pro-forma cap rate. The asking price is $4,837,500, translating to $151.17 per square foot. The building is zoned OCI and offers a stabilized cash flow with a strong credit tenant. This is a rare opportunity to acquire a well-located, high-occupancy office building in a thriving market. The remaining 2,200 square feet of vacancy presents potential for increased revenue. This property is ideal for investors seeking a stable, high-performing asset with significant upside potential.

Highlights

  • 32,000 SF single-story office building in Naperville, IL, with 93% occupancy.
  • Stabilized cash flow with a current NOI of $374,522 and a 7.74% cap rate; pro-forma NOI projected at $411,829 and an 8.51% pro-forma cap rate.
  • Prime location near Route 59 and I-88 interchange, offering easy access to Chicago.
  • Anchored by a strong credit tenant, Sourcebooks, since 1999.
  • Asking price: $4,837,500 ($151.17/SF).

Property Details for 1935 Brookdale Rd

Property type
Office properties
Square Feet
32,000 SF
Class
B
Year Built
1999
Buildings
1
Stories
1
Lot Size (sq. ft)
138,956 SF

Location Insight

City
Naperville
County
DuPage
State
Illinois
Latitude
41.7928558
Longitude
-88.2016185

FAQs

What type of property is this?
Office property - Stabilized Office Building, High Occupancy, Prime Location
Where is the office property located?
The property is located at 1935 Brookdale Rd Naperville, IL.
What is the asking price?
The asking price for this property is $4,837,500.
What are key features of this property?
This property features: 32,000 SF single-story office building in Naperville, IL, with 93% occupancy.; Stabilized cash flow with a current NOI of $374,522 and a 7.74% cap rate; pro-forma NOI projected at $411,829 and an 8.51% pro-forma cap rate.; Prime location near Route 59 and I-88 interchange, offering easy access to Chicago.
How can I contact the broker?
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1935 Brookdale Rd
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