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1300 Iroquois Ave
Naperville, IL 60563
Office Property For Sale
EXECUTIVE SUMMARY
1300 Iroquois Avenue presents an excellent opportunity to acquire a well-located office building in Naperville, Illinois, one of the most desirable
submarkets in DuPage County. The property is positioned just north of downtown Naperville and immediately south of I-88, providing tenants
with exceptional accessibility while benefiting from Naperville’s strong demographics and DuPage County’s favorable property tax environment.
The investment delivers an attractive in-place return with a going-in Cap rate of 10.01 percent and a 13.01 percent cash-on-cash return. The
building is anchored by Lakeland Title, which occupies 23 percent of the property totaling 8,644 square feet and has been occupying the suite
since 2012. The remaining space consists of smaller suites ranging from 697 to 2,610 square feet, a highly desirable size range that historically
leases more quickly than larger footprints.
submarkets in DuPage County. The property is positioned just north of downtown Naperville and immediately south of I-88, providing tenants
with exceptional accessibility while benefiting from Naperville’s strong demographics and DuPage County’s favorable property tax environment.
The investment delivers an attractive in-place return with a going-in Cap rate of 10.01 percent and a 13.01 percent cash-on-cash return. The
building is anchored by Lakeland Title, which occupies 23 percent of the property totaling 8,644 square feet and has been occupying the suite
since 2012. The remaining space consists of smaller suites ranging from 697 to 2,610 square feet, a highly desirable size range that historically
leases more quickly than larger footprints.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
38,000 SF
Building Class
B
Year Built/Renovated
1985/2015
Price
$4,250,000
Price Per SF
$111.84
Cap Rate
10.01%
NOI
$425,425
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
19,000 SF
Slab To Slab
9’
Building FAR
0.30
Lot Size
2.90 AC
Zoning
C - Commercial
Parking
136 Spaces (3.58 Spaces per 1,000 SF Leased)
AMENITIES
- Pond
- Property Manager on Site
- Signage
PROPERTY TAXES
| Parcel Number | 08-08-112-003 | Improvements Assessment | $416,092 |
| Land Assessment | $566,137 | Total Assessment | $982,229 |
PROPERTY TAXES
Parcel Number
08-08-112-003
Land Assessment
$566,137
Improvements Assessment
$416,092
Total Assessment
$982,229
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