Office Flex
750 N Commons
750 N Commons Dr, Aurora, IL 60504
Listing Price: Request For Offer
Investment Overview
750 N. Commons Drive 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.
Investment Highlights
- Newly Renovated 100% Occupied 205, 074 RSF Flex Asset Located in Aurora, IL
- Three Multi-National Tenants and a Long-Term WALT of 9.25 Years
- Thales Defense and Security (S&P A-rated) Credit Tenant
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Financing By
Listing Price: Request For Offer
Investment Highlights
- Newly Renovated 100% Occupied 205, 074 RSF Flex Asset Located in Aurora, IL
- Three Multi-National Tenants and a Long-Term WALT of 9.25 Years
- Thales Defense and Security (S&P A-rated) Credit Tenant
Investment Overview
750 N. Commons Drive 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.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Financing By

