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4951 Indiana Avenue - Woodland Business Park - Two Woodland Business Park, Lisle, IL
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4951 Indiana Avenue - Woodland Business Park - Two Woodland Business Park
Lisle, IL 60532-3820 - I-88 West Ind Submarket
Existing , Renov 2005
4.82 AC (209,768 SF)
Total Space Avail:
$12.00 - $14.00
3 tot./12'0''w x 14'0''h
Free Surface spaces are available; Ratio of 5.3/1,000 SF
24 Hour Availability, Air Conditioning
Thru Jun 2018
Thru Jun 2018
Space Build-To-Suit. 24 hour access and HVAC. Multi-tenant. Convenient access to I-88 and I-355. Close proximity to public transportation. Childcare Center and Healty Club located on campus.
Greenstone Partners, as the exclusive listing agent, is pleased to present the opportunity to acquire the fee-simple interest in Two Woodland Corporate Center (the "Investment"), located at 4951 Indiana Avenue, in Lisle, Illinois. The 56,039 rentable square foot multi-tenant office property is 100% leased to both national and regional tenants.
The entire tenancy' s leases commenced in late 2008 or later, likely protecting rental rates against downside as they were signed post the great recession' . At the offering price of $4,940,000 and a net operating income of $474,749 the going-in capitalization rate is 9.61% with a cash-on-cash return of 16.87%, based on a 70% loan-to-value loan, 25-year amortization and 4.25% interest rate.
Home to nearly 40,000 businesses and 700,000 jobs, DuPage County is a formidable economic force in the region. While there are a multitude of factors responsible for this success, there are a few things that sets DuPage apart.
DuPage has a diverse local economy with major employers consisting of the technology, manufacturing, retail, warehousing and logistics, and healthcare industries. This diversity extends to the County' s vast supply of knowledge-based institutions including two national laboratories, Argonne National Laboratory and Fermi National Accelerator Laboratory.
DuPage has the perfect location to meet the needs of both national and global clients with its close proximity to O' Hare and Midway International Airports. The DuPage Airport in West Chicago also accommodates corporate international travel. Additionally, the County is located at the transportation crossroads of the nation, with the four major interstates (I-355, I-88, I-55, and I-290) and an extensive rail freight system (Chicago is the nation' s rail hub) servicing the region.
CLICK HERE TO CONTACT THE LEASING BROKER
FOR LEASE CONTACTS
Cawley Chicago Commercial Real Estate
Lagestee-Mulder Commercial Construction & Real Est
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