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1952 McDowell RdNaperville, IL 60563
McDowell Corporate Center
Asset ClassOffice
overview of deal

Overview

Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1952 McDowell Road (the “Property” / “Investment”), a suburban office investment prominently located in the prestigious suburb of Naperville, Illinois.

 

The 55,217 square foot, three-story office property presents a new investor with exceptional in-place cash flow along with tremendous upside through the lease up of the remaining 18,000 square feet of vacancy spread across 8 units. The Property benefits from a strong roster of tenants, 49% of which are medical-oriented, including its anchor, Advanced Behavioral Health Services, occupying the entire third floor. The Property is conveniently located less than one-half mile south of the Interstate-88 on/off ramp at McDowell and Route 59.

 

Positioned in one of the most esteemed suburbs in the United States, the Property benefits from its location in a vibrant retail corridor, offering a plethora of dining, shopping, and entertainment options. Naperville consistently earns accolades as one of the nation’s top cities to reside in, not only within Illinois but also nationwide. According to rankings compiled by Niche, Naperville holds the top spot in “Best Cities to Raise a Family in America” and “Cities with the Best Public Schools in America.” Moreover, the Property’s location in DuPage County grants a significantly lower real estate tax advantage compared to neighboring Cook County, and benefits from being the second most populous county in Illinois, with over 900,000 residents.

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Investment Highlights

⦿ STRONG IN-PLACE CASHFLOW + SIGNIFICANT UPSIDE

 

⦿ MEDICAL ANCHOR + NAPERVILLE HEALTHCARE BOOM

 

⦿ NAPERVILLE = AWARD-WINNING & AFFLUENT COMMUNITY

 

⦿ DUPAGE COUNTY = LOW TAXES + ECONOMIC GROWTH

 

⦿ NEARBY RESTAURANTS & NECESSITY RETAIL

 

⦿ WELL LOCATED OFFICE BUILDING

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1952 McDowell RdNaperville, IL 60563
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Listing provided by Revere CRE