For Auction
2245 Sequoia Drive
Aurora, IL 60506Represented by
Frontline Real Estate Partners, LLC
Asset Snapshot
Offering Summary
2245 Sequioa Drive
Value-Add Class A Office Opportunity | Aurora, Illinois
Investment Highlights:
• Value-Add Class A Office Building Directly Off Interstate 88 (I-88) Available For Sale In Aurora, Illinois
• Both In-place Tenants Have Lease Term Into 2023 And Are On Net Leases
• Surrounded By Numerous Large Corporate Offices And Corporate Distribution Centers
• Building Was Renovated In 2008 Including A New Entrance, Lobby, Elevators, And Common Area Restrooms
Offering Details:
Frontline Real Estate Partners and RealINSIGHT Marketplace are pleased to offer the opportunity to acquire the fee-simple interest in 2245 Sequoia Drive, a three-story, 129,000 SF (121,525 SF rentable) suburban office building located directly off Interstate 88 (I-88) along the north side of Sequoia Drive in Aurora, Illinois.
The building is considered a Class A office building. Constructed in 1989 by Farmers Insurance to use as its regional headquarters, the property was built of reinforced steel and concrete masonry which provides a slick and modern appearance. In 2008, the Property underwent significant renovations, including a new entrance, lobby, common area bathrooms, and elevators.
The building features seven (7) suites, two (2) of which are currently leased, making the building 33% occupied. The two existing tenants at the building are Benetech, Inc. in 15,784 SF with a lease term through March 2023 and Aurora University in 24,626 SF with a lease term through December 2023. Both tenants are on net leases.
The building offers a number of amenities including an outdoor patio, tenant directories, 576 parking spaces, various phone/data service providers, and 24-hour key card access. Overall, the property is in above average condition and offers any investor an opportunity to purchase a Class A office building, extremely well located in Aurora, off Interstate 88 (I-88), with the ability to add value through lease-up and by increasing the occupancy rate.
With questions about the property or the auction process, please contact Matthew Tarshis or Andrew Rubin for additional information.
Property tours are available by appointment on the dates below. Please contact Matt Tarshis (mtarshis@frontlinerepartners.com / (847) 780-8063) or Andrew Rubin (arubin@frontlinerepartners.com / (224) 628-4005) to schedule a tour.
• Thurday, February 6th, between 11:00 AM - 2:00 PM
Due Diligence
Platform Fee
Buyer pays platform fee at closing.
5% or $25,000 minimum
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
