2245 Sequoia Dr
Aurora, IL 60506
AUCTION: 129,000 SF Office Building Off I-88 · Office Property For Sale

The offering is for a three-story, 129,253 SF (116,545 SF rentable) suburban office building located directly off Interstate 88 (I-88) along the north side of Sequoia Drive in Aurora, Illinois. Aurora is within the Chicago Western East-West suburban office market, on e of the most preferred by tenants and investors. The three-story building, which was constructed in 1989 and designed as a regional corporate headquarters for Farmers Insurance, stands out as one of the premier multi-tenant assets in the submarket and is home to institutional quality tenants Benetech and Aurora University. Both Benetech, Inc and Aurora University are in net leases with term through March 2023 and December 2023.Offering a future owner an extremely rare and attractive investment opportunity, the 34.68% leased property is situated within an attractive business-park setting on a pristine, 12.96 acre site with three large retention ponds and well-groomed landscaping. 2245 Sequoia Drive has undergone approximately $2 million in capital improvements since 2008, including a lobby and exterior entrance renovation, roof replacement, an elevator cab remodel, cooling tower replacement, among others. This property offers investors an exceptional opportunity due to its high quality and strategic location with convenient access to I-88 and Orchard Road. The facility has attractive local amenities such as nearby Target-anchored, North Aurora Towne Center and vibrant downtown Aurora, the second largest city in Illinois.