262-364-1926
750 N Commons Dr, Aurora, IL for Sale
Flex - FOR SALE
1/25
null | Request Cap Rate

750 N Commons Dr
Aurora, IL 60504
Fox Valley


HIGHLIGHTS

  • Three multi-national tenants with a long term walt
  • Directly serviced by a commuter rail line.
  • Additional land available for possible expansion
  • Class A building with recent renovated amenities.

OVERVIEW

This Class A Flex property totaling 205,074 RSF is situated on 16.37 Acres in a highly desirable logistical area. This asset is 100% occupied and features three global tenants (Westell; Thales Defense and Security (S&P rated A-); Sonova US) with a strong WALT of 9.25 years. Under current ownership extensive updates and renovations have been completed to include a modernized café, fitness facility, and outdoor common area gathering space. In addition, the large parcel allows availability to expand in a desirable business park. The low vacancy rate in the area has driven many new developments on the neighboring parcels. The excellent mix of warehouse and Class A office in this asset, along with ownership executing well in securing credible tenants, has created a strong investment for any potential buyer. Westell (WSTL) occupies 81,960 RSF of warehouse & office space and has effectively become a leading provider of high-performance network infrastructure solutions with millions of products deployed worldwide. A recently exercised 5-year lease extension displays their commitment to this property. Westell has occupied the building since its construction in 1997. Thales Defense and Security ( TDSI / S&P A- rated) occupies 23,052 RSF of Class A office space serviced by cutting edge technology to ensure efficiency for their global business. Thales is a U.S. based company serving domestic and international defense for over 60 years. With over 1,000 employees across three subsidiary companies, Thales supports numerous U.S. military and multi-national partners with key technologies including communication, visualization, electronic warfare, and sensor/sonar capabilities. Thales has a Market CAP of $50.50B USD and annual revenue of $20.58B USD (2024). Thales initiated a 10-year lease in 2023 and secured two additional five year options to extend. Sonova USA (SONVY) occupies 66,611 RSF of Class A office space on a long-term net lease. Sonova was founded in 1947 and is a leading provider of innovative hearing care solutions around the world. Sonova primarily operates in the Hearing Instrument and Cochlear Implant business segments. Sonova USA has a Market CAP of $18.30B USD and revenue of $3.71B USD. Sonova originally executed a 16 year lease, displaying a long term commitment to this property. They currently have 11 Years remaining on their initial lease term.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1997

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

853

LAND DETAILS

LAND ACRES

16.37

LAND SF

713,077

ZONING

M-1, Aurora

APN/PARCEL ID

07-16-300-026

ASK ABOUT THIS PROPERTY

Jonathan RauhMarcus & MillichapMore Info
262-364-1926

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Jonathan RauhMarcus & MillichapMore Info
262-364-1926

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.