2400 Ogden Ave
Lisle, IL 60532
Ogden Avenue Office · Office Property For Sale

The Colliers | Chicago Office Capital Markets Team present 2400 Ogden, a 121,040 SF, multi-tenant, single-story office building located in Lisle IL. This offering is a well-positioned, well-maintained office building with credit tenancy and a 5.95-year weighted average lease term (WALT). The property was developed in 2001 and is situated on a ±10.39-acre site with parking surrounding the building, shared docks, and a 4.16:1 parking ratio. The property has strong in-place income and the ability to increase cash flow through additional leasing. Two tenants occupy 71% on a net basis which allows for a full pass-through of expenses and taxes. Of the occupied space, 59% is leased to publicly traded CommScope (Arris) through February, 2026 (NASDAQ:COMM). The remaining space is leased to Automated Logic Corporation through 2024. Automated Logic is a subsidiary of Carrier Corporation and has been a tenant at the property since 2007. There is significant upside potential in leasing the remaining vacant space. New ownership benefits from excellent maintenance and CapEx invested in the property. In 2016, all parking spaces and driveways were seal coated and striped and concrete curbs were replaced as needed. The roof is less than 20 years old and has been well-maintained. Over 2018 and 2019, 22 of the 52 roof top units (42%) were replaced, and the remaining units are maintained by the Landlord at Tenant’s expense. Located in the highly sought-after East-West corridor, the property has the unique ability to meet demand for single-story office with access to docks. While primarily used for office, the access to docks allows additional flexibility in attracting tenants that may require a showroom or light assembly component to their operations. The East-West corridor has historically been one of the strongest office submarkets in the Chicago area and benefits from a strong labor pool, access to multiple highways, and lower real estate taxes. Located within DuPage County, the asset is well-positioned to compete with surrounding properties and attract tenants looking to exit the higher taxes in nearby Cook County. 2400 Ogden is located just off I-88 in suburban Lisle and shares all the outstanding benefits that make the Lisle-Naperville area one of the strongest office submarkets. These benefits include some of the best demographics in the Chicago area and unparalleled retail amenities including hotels, restaurants and shopping. The site is less than three miles from the two-way interchange at SR-53 which connects to I-88 and I-355 and less than two miles from the full, four-way I-88 interchange at Naperville Road / Freedom Drive. The area is home to several Fortune 500 companies and large corporate headquarters due to the proximity to both executive housing and an educated workforce. Some of the corporate neighbors in the immediate vicinity include Nokia and Navistar. Additionally, the HQ campus of electronics company Molex is located directly across Ogden Avenue. Property tours by appointment only. Contact the listing broker to schedule a tour.