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Bldg #7 28381 Davis Pky 10,323 SF 100% Leased Office Building Warrenville, IL 60555 $4,050,000 ($392.33/SF) 6.77% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased investment with national tenants
- Direct access to I-88 and major suburban hubs
- Professionally managed, built in 2006
- Located in prestigious Cantera Lakes business park
- Strong NOI and attractive 6.8% cap rate
- NNN lease structure minimizes landlord obligations
EXECUTIVE SUMMARY
Located in the highly sought-after Cantera Lakes development, 28381 Davis Parkway presents a rare opportunity to acquire a fully leased, multi-tenant investment property in the heart of Warrenville, Illinois. This 10,284-square-foot asset, built in 2006, is comprised of three professionally maintained units and is anchored by nationally recognized tenants including DuPage Medical (Duly) and Ameriprise Financial. Strategically positioned just off I-88, the property offers exceptional regional connectivity to Naperville, Aurora, and the broader DuPage County business corridor. The Cantera Lakes area is known for its blend of corporate campuses, retail amenities, and upscale residential communities, making it a prime location for professional services and medical users.
The investment is supported by strong financials, with a scheduled gross rent of $357,212 and actual 2024 expenses of $82,944, resulting in a net operating income of $274,218 and a cap rate of 6.8%. All leases are structured as NNN, providing stable cash flow and minimal landlord responsibilities. This asset is ideal for investors seeking a turnkey opportunity with long-term income stability in a high-demand suburban market.
The investment is supported by strong financials, with a scheduled gross rent of $357,212 and actual 2024 expenses of $82,944, resulting in a net operating income of $274,218 and a cap rate of 6.8%. All leases are structured as NNN, providing stable cash flow and minimal landlord responsibilities. This asset is ideal for investors seeking a turnkey opportunity with long-term income stability in a high-demand suburban market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
10,323 SF
Building Class
B
Year Built
2006
Price
$4,050,000
Price Per SF
$392.33
Cap Rate
6.77%
NOI
$274,218
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,323 SF
Building FAR
0.03
Lot Size
9.20 AC
Zoning
SD, Warrenville
Parking
27 Spaces (2.62 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $363,584 | |
| Land Assessment | $97,379 | Total Assessment | $460,963 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$97,379
Improvements Assessment
$363,584
Total Assessment
$460,963
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Bldg #7 | 28381 Davis Pky
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