Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Year Built 2007
Building Area

Property description

Jones Lang LaSalle Americas (Illinois) L.P. (“JLL”), retained as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Cantera Crossings (the “Property”). The 147,338 rentable square foot (“RSF”) building is located at 27201 Bella Vista within Warrenville's prestigious Cantera development. This premier corporate address provides fantastic access & visibility from I-88 with a plethora of area amenities all within low tax, business-friendly, DuPage County.


Originally purpose-built for Liberty Mutual (S&P: A) as the sole occupier, the tenant has recently rightsized and extended their lease through July of 2025. This transformation has created a first-of-its-kind opportunity to transform one of the newest buildings in suburban Chicago into a first-class, multi-tenant office building. Cantera Crossings offers potential investors a tremendous value-add opportunity through lease-up of current vacancy alongside secure in-place income from a Fortune 100 investment-grade credit tenant.

Investment highlights

Investment Grade Anchor Tenancy (S&P: A) | Secure In-Place Income Provides Runway for Lease-Up


Immediate Lease-Up Potential | Established Corporate Location Currently 38.7% Leased


Accessible, Amenity-Centric Location | Adjacent to I-88, Destination Retail, Multi-Family, Hospitality & Healthcare in the Immediate Area


Premier Cantera Development Address | Competitive Set Outperforms the Market with 86.9% Average Occupancy and $17.75 NNN Asking Rents (As of YE 2020)


Attractive 36,000+ RSF Floorplates | Large Block of Available Space Ideal for Dominant Large Block East/West Corridor Leasing Market


DuPage County Tax Advantage | DuPage County Properties Enjoy 62-75% Lower Taxes Compared to Nearby Submarkets


Discount to Replacement Cost | Over a 52% Discount to Replacement Cost Provides Great Basis for Lease-Up


Out-Sized Parking Ratios Out-Perform the Market | East-West Properties With 5.0+ Parking Ratio Average 95.3% Occupancy

Last Updated Date: 24 Jun 2021
Patrick Shields
Pat Shields
Senior Director, Capital Markets
Broker Licenses
IL-475.147639
Sam DiFrancesca
Sam DiFrancesca
Senior Director, Capital Markets
Broker Licenses
475.145835

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Last Updated Date: 24 Jun 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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