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975 Corporate Boulevard, Aurora, IL

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DetailMap
975 Corporate Boulevard

Aurora, IL 60502-9176 - Western East/West Corr Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1981
Stories:2 Typical Floor:10,000 SF Building Size:20,000 SF
% Leased:
For Sale Price:Portfolio Price/SF:For Sale
Cap Rate:-
Smallest Space:10,000 SF Largest Space:20,000 SF Total Space Avail:20,000 SF Rent/SF/Yr:
Negotiable
Portfolio:This property is for sale as part of a portfolio of 2 properties. Parking:Free Surface spaces are available; Ratio of 1.7/1,000 SF Amenities:Conferencing Facility, Property Manager on Site, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
10,000 SF
Negotiable
Vacant
Negotiable
Office
 2nd
10,000 SF
Negotiable
Vacant
Negotiable
Office
 
4138943
5031953
Floor Plan
  
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
10,000 SF
Negotiable
Vacant
Negotiable
Office
2nd
10,000 SF
Negotiable
Vacant
Negotiable
Office
Two-story office/research building; 20,060 SF (additional 3.3 acre site available); Built in 1981; Zoned M-1; 9’ ceiling height; Poured concrete floors, reinforced with footings; Steel roof decking with a built-up tar/gravel covering; 1” water main into building at 50 PSI; Full sprinkler coverage throughout - 0.3 GPM psf; Alarm system; 800 amps, 3-phase, 4-wire main electrical service; 4 rooftop gas forced air/central air conditioning system, plus 2 make-up air vents; 34 parking spaces, expandable to 68+; PBX telephone and CAT 5 data wiring; Floor plan/layout - The 1st floor is comprised of various private offices, washroom facilities, conference room, meeting room, open office area and various storage areas. Washroom facilities have CT flooring, drywall partitioning and acoustical ceiling finishes. The 2nd floor features mainly an open floor plan with various research areas, washroom facilities and storage areas.

Sale Notes:
Starting Bid $250,000
Participation Deposit $5,000
Auction Starts 09/19/2016
Auction Ends 09/21/2016

Investment Highlights
*Parking is 1.7 per thousand with room for expansion to 6 per 1,000.
*I-88 is 1 mile from the intersection and Farnsworth and 1/5 of a mile south with tollway visibility.
*Property is in a TIF district.

The opportunity is a vacant, 20,000 sq. ft., two-story office property located at 975 Corporate Boulevard in Aurora, Illinois. The improvements were constructed circa 1981 and are situated on a 2.2-acre parcel of land (Assessor Parcel Number 15-02-401-023) with 34 parking spaces (0.17 per 1,000 sq. ft.). Improvements feature a brick exterior and are fully sprinklered. The Property is currently zoned M-I.

There is an additional 2.73 acres of vacant land (Assessor Parcel Number 15-02-401-024) located immediately east of the Property available for purchase as well.

The Property benefits from its position along Corporate Boulevard, which intersects with N Farnsworth Avenue approximately 0.5 miles east, providing convenient access to Interstate 88 located approximately one mile south of the Property. The Property is located approximately 4.2 miles northeast of downtown Aurora, and roughly one mile southwest of Chicago Premium Outlets. The immediate vicinity is densely populated and is comprised of a variety of use types including office, retail, hospitality, and residential uses. Office properties in the area include Mitutoyo America Corporation, Cintas Fire Protection, Protocol Global Solutions, Elder Law, Rockpoint Logistics, and OSI Group. Additional area attractions include Paramount Theatre, Chicago Premium Outlets, Blackberry Farm, Phillips Park Zoo, SciTech Hands on Museum, and Hollywood Casino Aurora.

2015 Taxes for the Property equated to $20,533.16. Taxes on the additional parcel for sale equated to $827.98.

Cushman & Wakefield
Jason M West
(847) 518-3210

Sean Henrick
(847) 518-3215

Michael Magliano
(847) 518-3259


Cushman & Wakefield
Jason M West
(847) 518-3210

Sean Henrick
(847) 518-3215

Michael Magliano
(847) 518-3259



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