Lisle, Illinois 205,672 Square Feet Class A Vacant Headquarters Quality Office Building
INVESTMENT INTRODUCTION THE OFFERING INVESTMENT SUMMARY Property 2400 Cabot Address 2400 Cabot Drive Lisle, IL 60532 Net Rentable Area Parking Year Built Stories Average Floorplate (SF) Projected Stabilized NOI JLL is pleased to exclusively offer for sale the fee-simple ownership interest in 2400 Cabot Drive (the Property or 2400 Cabot ), located in DuPage County, Lisle, Illinois. The Property is an institutionally owned Class A headquarters quality office building within Chicago s East-West Corridor suburban office submarket, one of the most preferred by tenants and investors alike. The four-story office building was originally constructed as a single-tenant headquarters building in 1988 and renovated in 1997 and 2005. The currently vacant Property stands as a tremendous value-add opportunity for future investors to acquire a large block of vacant space with significant upside potential. 2400 Cabot features a park-like setting on a pristine, 15.4-acre site with mature trees and a large pond with patio seating. Many convenient on-site amenities include a full-service cafeteria and dining area, a fully-equipped fitness center, executive underground garage parking and 2 205,672 609 Spaces expandable to 980 Spaces (5+ stalls / 1,000 SF) 1988 (Renovated 1997, 2005) 4 51,500 $2,940,000 conference/training rooms. In addition, 2400 Cabot offers a robust power infrastructure package with the connectivity, electrical capacity, redundant systems and backup power to support a substantial on-site data center. 2400 Cabot offers investors an exceptional opportunity due to its high quality, value-add potential and strategic location with convenient access to Naperville Road and I-88. With its desirable composition of wealthy suburbs where many executives reside, superb access to highways and public transportation that connect the surrounding suburbs to downtown Chicago, and proximity to both O Hare and Midway Airports, the East-West Corridor is a preferred location for many of the country s most established companies.
INVESTMENT HIGHLIGHTS Strategic Location in DuPage County DuPage County has long been known as one of the nation s wealthiest counties and is significantly above the national and state average for median household income, bachelor s and graduate degree attainment, all while boasting an unemployment rate of 3.4 percent Flexible Floorplate Design with Efficient Multi-Tenant Ability 2400 Cabot s floorplates can be easily and efficiently configured to accommodate both single and multi-tenant needs Exceptional On-Site Amenities A fully furnished fitness center, underground executive garage, conference space, cafeteria / dining area, and an attractive waterfront setting with scenic pond and jogging paths contribute to the Property s Class A status Real Estate Tax Advantage The Lisle Township Assessor has agreed to freeze the Property s market and assessed values through the 2022 pay 2023 tax year. The resulting tax amount of $1.31 per square foot is a significant competitive advantage in attracting tenants to the Property Potential Parking Expansion Ownership has received all necessary approvals for the construction of a parking deck and the addition of parking along Cabot Drive, increasing the parking ratio to 5 spaces per 1,000 square feet Convenient Access Easy access to I-88, Naperville Road, I-355, and the Pace and Metra transit system Extensive Power and Fiber Infrastructure 2400 Cabot is defined by its impressive power infrastructure capabilities including split electrical feeds, backup power and SONET ring telecommunications technology stemming from a former use as a data center 3
INVESTMENT INTRODUCTION CONVENIENT ACCESS 88 Lisle station Belmont station Route 59 station Naperville station 355 4
SITE PLAN CABOT DRIVE 5
CONTACTS PRIMARY SALES CONTACTS JAMES J. POSTWEILER MANAGING DIRECTOR +1 312 228 2661 jim.postweiler@am.jll.com PETER G. HARWOOD MANAGING DIRECTOR +1 312 228 2124 peter.harwood@am.jll.com DEREK FOHL SENIOR VICE PRESIDENT +1 312 228 3391 derek.fohl@am.jll.com FINANCING KEITH A. LARGAY MANAGING DIRECTOR +1 312 228 3111 keith.largay@am.jll.com MIDWEST CAPITAL MARKETS JAMES J. POSTWEILER PETER G. HARWOOD BRUCE MILLER NOOSHIN FELSENTHAL DEREK FOHL STEVEN BUSS