30,587 Square Foot Office Space For Sale @ 300 Cardinal Drive

Sperry Van Ness is pleased to present for sale the Corporate Reserve Offices in St. Charles, IL. Built in 2009, the property consists of two single-story office buildings totaling 30,587 sq ft on 3.46 acres of land. This well-planned, handsomely built property features 95% current occupancy. There are nine existing tenant spaces, ranging from 1,500 to 10,800 sq ft, with only one current vacancy of 1,643 sq ft. Tenant suites have private entry, upscale build-out including stylish kitchens, interior suite private baths, individually controlled heat and air conditioning, and separately metered utilities. Conveniently located to Randall Rd retail & restaurants. The property presents stability as well as upside to potential investors as the leases are mostly under-market rents vs today's rental market

The Corporate Reserve business park is a Planned Unit Development (PUD) on a total of 45.5 acres. Additional lots are available for future development. The campus features characteristic prairie-style landscaping, multiple ponds and open space.



Sales Info:
■ Commision split: 2.5%

Location Description:
St Charles IL is an upscale suburban community located primarily in Kane & DuPage Counties, 35 miles west of downtown Chicago. The Fox River runs through the center of downtown St. Charles, enhancing the town's beauty and provides recreational activities. The area features a wide selection of restaurant, shopping, entertainment and various service providers.

The Corporate Reserve campus is located on the north side of IL Rt 64 (Main Street), less than 1 mile west of Randall Road, the primary north-south corridor on the west side of the City. The property is convenient to well-established residential communities and major roadways.

Highlights:
■ Single-story, multi-tenant office complex
■ 2009 construction
■ 30,587 sq ft over two buildings on 3.46 acres of land
■ Individual suite controlled and metered HVAC & utilities
■ Private entries and bathrooms per suite
■ 94.6% occupied
■ NOI of $298,753
■ 8.8% CAP Rate
■ Local, regional & national tenants
■ Staggered lease term expirations
■ Under market rents vs today's market