Auction 5/17: 9.5% Cap Office Condo Net Leased to Long-Term Tenants

Auction Closed
1500 Eisenhower, Unit 200
Lisle, IL 60532
5,061 SF
Office Condo
  • Net leased office condo for sale at auction in Lisle
  • Fully leased office condo with long-term tenants of complex

The Details

Sealed Bid Auction May 17th

  • 5,061 SF fully leased office condo
  • Net leased to two tenants
    • A: 3,031 SF leased to ITG Transportation thru Oct. 2019
    • B: 2,030 SF to First Centennial Mortgage thru April 2021
  • Both are long-term tenants in Commerce Place complex
  • Recently updated space
  • Small common area for tenants
  • Current NOI: $71,178 (9.5% cap)
  • Zoning: I-1

A fully leased, 5,061 square foot office condo is available for sale at auction. The office condo was updated and divided for the current tenants in 2016. 3,031 square feet are leased to ITG Transportation, a full-service intermodal marketing company, expanding their footprint from their adjacent space in Unit 100. First Centennial Mortgage, a tenant since 2012, is leasing 2,030 square feet of space thru April 2021.

Lisle is a substantial office market within the East/West Corridor of Chicago. The city features a diverse and thriving business community with more than 1,000 businesses including Unilever, McCain Foods, SunCoke and Navistar’s global headquarters.

* Minimum bid shown does not include the 6.0% Buyer's Premium