Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire Naperville Financial Center, a five-story, 57,967 square foot multi-tenant suburban office building at 400 East Diehl Road in Naperville, Illinois. Strategically located just south of I-88 at the southeast corner of East Diehl Road and North Washington Street, the building sits along the premier Diehl Road corridor — the backbone of Naperville’s office market within the I-88 technology corridor. It offers excellent regional connectivity, approximately one mile from Interstate 88 and 30 miles west of downtown Chicago, in a dense live-work-play area surrounded by national retailers (including Costco and Target), dining, and fitness amenities. Recently renovated in 2019 in the common areas, lobby, and conference facilities, the property is currently 92 percent leased with a diversified tenant base (no tenant exceeds 12.9 percent of the building). It presents a clear value-add opportunity through lease-up of the remaining 4,660 square foot vacancy. Upon stabilization, net operating income is projected to increase by approximately $131,000, delivering a pro forma cap rate of 10.50 percent and a cash-on-cash return of 14.7 percent. Naperville Financial Center features a highly diversified and stable tenant roster spanning 21 occupied suites. The tenancy is well-balanced across professional services with uses including legal, financial advisory, wealth management, family offices, professional consulting, behavioral health, and specialized service tenants. Importantly, no single tenant exceeds 12.9 percent of the building’s rentable square footage, and approximately 60 percent of gross leasable area is secured under leases signed in 2023 or later. This granular, recession-resistant mix provides excellent cash-flow stability and materially reduces concentration risk for investors.