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1300 Iroquois Dr

38,000 SF 90% Leased Office Building Naperville, IL 60563 £3,916,162 (£103/SF) 9% Net Initial Yield

Investment Highlights

  • Prime Suburban Office with Historic Stability | Located in Naperville Executive Court.
  • Located Within an Area Being Actively Developed and Renovated Since the Inception of Costco in 2021 and Amazon Fresh in 2020.
  • Third Largest Town in Illinois and Part of the Chicago Metropolitan Statistical Area (MSA).
  • Ideal Post-Pandemic Suburban Office Location | Located in Naperville Executive Court.
  • Affluent Population in the Fourth Largest Town in Illinois.
  • Easily Accessible.

Executive Summary

The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap (including Marcus & Millichap Real Estate Investment Services, Inc. and its affiliated entities and subsidiaries) and distribution to any other person or entity without the express written consent of Marcus & Millichap is strictly prohibited. This
website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the
subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. Marcus & Millichap has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
38,000 SF
Building Class
B
Year Built/Renovated
1985/2015
Price
£3,916,162
Price Per SF
£103
Net Initial Yield
9%
NOI
£352,455
Percent Leased
90%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
19,000 SF
Slab to Slab
9 ft
Building FAR
0.30
Land Acres
2.90 AC
Zoning
C - Commercial
Parking
136 Spaces (3.58 Spaces per 1,000 SF Leased)

Amenities

  • Pond
  • Property Manager on Site
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste 265
  • 2,610 SF
  • Office
  • -
  • Now

2nd fl loft style with 3 large private offices, reception, open area. One office has a kitchenette.

  • 2nd Fl-Ste 275
  • 1,160 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
2nd Fl-Ste 265 2,610 SF Office - Now
2nd Fl-Ste 275 1,160 SF Office - Now

2nd Fl-Ste 265

Size
2,610 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste 275

Size
1,160 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste 265

Size 2,610 SF
Space Use Office
Condition -
Available Now

2nd fl loft style with 3 large private offices, reception, open area. One office has a kitchenette.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-08-112-003
Land Assessment
£404,284
Improvements Assessment
£297,135
Total Assessment
£701,419
  • Listing ID: 33608331

  • Date on Market: 23/10/2024

  • Last Updated:

  • Address: 1300 Iroquois Dr, Naperville, IL 60563

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