Net-Leased Life Sciences
1841 Centre Point Circle Naperville, IL 60563
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1841 Centre Point Circle, Naperville, IL, 60563
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For Sale
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Single-tenant net-leased lab is fully leased with 15 years remaining and 3% annual rent increases.
Property Size34,370 SF
Price / SF$224.03
Days on Market6
Property Features for 1841 Centre Point Circle
General Information
- Standard status
- Active
- Size
- 34,370 SF
- Property subtype
- Office, Industrial
Listing Agency
Greenstone Partners
Listed by
Jason St. John · License #IL 475142612
Source
Crexi
Added: Jul 13 Checked: Jul 16 at 9:34 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenstone Partners
Investment Insights
Based on property information with market context.
A single-tenant, net-leased life sciences laboratory offering 100% fee-simple ownership, currently fully leased to CellCarta Biosciences. The property has 15 years of remaining lease term with 3% annual rent increases. More than $2.6 million has recently been invested to support the tenant’s highly specialized lab environment.
Located in Naperville, Illinois, the asset benefits from a DuPage County setting. The surrounding area is described as supported by strong household economics, including a 1-mile average household income of $150,000 and a 1-mile median home value of $497,000. The property is also positioned within the rapidly expanding life sciences sector.
Located in Naperville, Illinois, the asset benefits from a DuPage County setting. The surrounding area is described as supported by strong household economics, including a 1-mile average household income of $150,000 and a 1-mile median home value of $497,000. The property is also positioned within the rapidly expanding life sciences sector.
Key Highlights
- 34,370 SF single‑tenant net‑leased life sciences laboratory in Naperville, IL
- Property is 100% fee‑simple and fully leased to CellCarta Biosciences (global contract research organization)
- 15 years of remaining lease term with 3% annual rent increases
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $824.9k | $24.00 |
| − Vacancy | −$41.2k | −$1.20 |
| EGI | $783.6k | $22.80 |
| − OpEx | −$313.5k | −$9.12 |
| NOI | $470.2k | $13.68 |
34,370 SF · lease $24.00/SF/yr · vacancy 5.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$6.72M
$5.88M – $7.84M
NOI $470,182 @ 7.0% cap · market cap 6.11%
Second Best
Office B
$5.81M
$5.08M – $6.77M
NOI $406,367 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$7.76M
$6.79M – $9.05M
NOI $543,068 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CellCarta
Laboratory
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Single-tenant net-leased lab is fully leased with 15 years remaining and 3% annual rent increases.
Where is this office building located?
The property is located at 1841 Centre Point Circle Naperville, IL.
What is the asking price?
The asking price for this property is $7,700,000.
What are key features of this property?
This property features: 34,370 SF single‑tenant net‑leased life sciences laboratory in Naperville, IL; Property is 100% fee‑simple and fully leased to CellCarta Biosciences (global contract research organization); 15 years of remaining lease term with 3% annual rent increases
