1935 Brookdale Rd Naperville, IL 60563-2771

Property Details for 1935 Brookdale Rd

Year built

2000

Lot size

3.20 lot acres

Property size

31,468 SF

Zone code

C

Property type

Office Properties & Spaces

APN

07-10-109-011

APU

710109011

Description

This exceptional investment opportunity presents a 32,000-square-foot, single-story office building in Naperville, Illinois. Located at 1935 Brookdale Road, this Class B property boasts a 93% occupancy rate with a single major tenant, Sourcebooks, who has occupied the space since its construction in 1999. The building features a convenient location near the Route 59 and I-88 interchange, providing easy access to Chicago and surrounding amenities. The property sits on a 3.19-acre lot and offers 3.4 parking spaces per 1,000 square feet. Currently generating a NOI of $374,522 with a 7.74% cap rate, the pro-forma NOI is projected at $411,829, resulting in an 8.51% pro-forma cap rate. The asking price is $4,837,500, translating to $151.17 per square foot. The building is zoned OCI and offers a stabilized cash flow with a strong credit tenant. This is a rare opportunity to acquire a well-located, high-occupancy office building in a thriving market. The remaining 2,200 square feet of vacancy presents potential for increased revenue. This property is ideal for investors seeking a stable, high-performing asset with significant upside potential.

Location Insight

City

Naperville

County

Dupage

State

Illinois

Longitude

-88.2016

Latitude

41.7929

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments