387 SHUMAN BLVD Naperville IL 60563-8450

For registration requirements and regulations, please review here or contact Alexsis Wolfson | 949-799-4658 | aaguirre@crexi.com.

SELLER FINANCING NOW AVAILABLE:

• Loan Amount: 60% of the purchase price

• Required Down Payment: 40% of the purchase price

• Interest Rate: 7.5% fixed per annum and interest only

• Payment Schedule: Monthly

• Term: 3-year balloon

• Prepay: No prepayment penalty to the purchaser for early payoff

Introducing a prime investment opportunity in the heart of Naperville, Illinois - 387 Shuman Blvd. This Class-A Value-Add Medical Office is a multi-tenant property with 53% occupancy, offering a lucrative chance for investors to capitalize on its potential. The recent full renovation has modernized the infrastructure, making it an attractive space for medical professionals. Located in a highly visible area near I-88, this property boasts significant foot traffic and signage opportunities. With a diverse tenant base and half of the space designated for medical use, there is ample room for growth and long-term profit. Benefit from the current operating income of $924,212 while seizing the opportunity to lease the remaining vacant units for added revenue. Nestled in DuPage County, this property enjoys favorable commercial property tax rates and is part of a thriving market that ranks top in suburban living. Don't miss out on this chance to acquire a valuable asset in a coveted location that promises both immediate returns and future growth potential!

· Non-Contingent

· Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price

· Marketing Fee: 2.5% of the Winning Bid Amount, $20,000 minimum

· $10,000 Participation Deposit

387 Shuman Blvd, Naperville, IL 60563

• VALUE-ADD + STRONG IN-PLACE CASHFLOW The Property presents a new investor with a strong value-add opportunity, given its 53% in-place occupancy yet also providing tremendous cashflow with a current operating income of $924,212. The investor will benefit from the potential to lease the 52,000 square feet of vacancy spread across 16 units by hiring professional third-party leasing brokers.

• FULLY RENOVATED CLASS-A OFFICE The Investment is a newly renovated, state-of-the-art, Class-A office / medical building. Current ownership committed to undertaking major renovation projects in order to effectively outfit the Property for medical tenants and breathe new life into the building coming out of the Pandemic. These projects include a redesign of the parking lot, renovation of the lobby, hallways, and restrooms, replacement of the HVAC, electrical and plumbing systems, and roof, and new LED lighting throughout the building. The Property is in beautiful condition and ready for full lease up.

• STRONG VISIBILITY + AMENITIES The Property features exceptional visibility via I-88, which sees 135,000 vehicles per day and presents tenants with valuable monument signage exposure. The Property offers tenants high-speed internet access, modern keyless entry systems, tenant-controllable HVAC, a large parking lot, and a brand-new common area buildout.

• MEDICAL TENANCY + NAPERVILLE’S HEALTHCARE BOOM 50% of the Property’s tenants operate medical businesses. The Healthcare industry is the largest and fastest growing industry in DuPage County, adding 3,945 new jobs in the last five years with the expectancy to add another 700 over the next twelve months. There are eight award-winning hospitals in DuPage County, totaling more than 75,000 employees. In 2020, healthcare and social assistance contributed $6.7 billion to the total GDP.

• STRONG MEDICAL OFFICE FUNDAMENTALS Demand for medical office continues to outpace supply. Nationwide medical office absorption last year totaled 18.8 million square feet, leading to additional upward pressure on rental rates. Even in times of economic uncertainty, demand for the US’s aging population drives more healthcare demand. By 2030, 20% of Americans will be 65 years or older which will mark the first time that older people are projected to outnumber children.

• PROXIMITY TO THRIVING NAPERVILLE Positioned just south of Interstate-88, the Property benefits from its proximity to Naperville’s Freedom Commons and a host of retail options in downtown Naperville that further enhances its value. Just 2 miles east of the Property, Freedom Commons is a thriving retail subsection of Naperville developed to offer a premium selection of fitness, beauty, and financial services, as well as dining and entertainment options. The Property is just ~2 miles north of downtown Naperville, one of the most sought-after cities in the Midwest. Downtown Naperville offers a plethora of retail and dining, from big box retailers and national restaurants to neighborhood shops and eateries. Naperville’s renowned amenities, such as its schools and hospitals, are all within a few miles of the Property. Furthermore, the Investment is strategically positioned within a short drive to five major hospitals, including Edward-Elmhurst Hospital, Central DuPage Hospital, Rush Copley Memorial Hospital, Advocate Good Samaritan Hospital, and Presence Mercy Medical Center.

• DUPAGE = LOW TAXES + 930,000 PEOPLE The Investment benefits from DuPage County’s commercial taxes that are typically significantly lower than those of neighboring Cook County’s. More than 930,000 people live in DuPage County, making it Illinois’ second-most populous county.

• AWARD-WINNING, AFFLUENT COMMUNITY Naperville is consistently ranked as one of the best cities to live in, not just in Illinois, but also across the Midwestern U.S., for its award-winning schools and libraries, nationally recognized economic development, and safe community. The Property benefits from a 1-mile average household income of $139,875, nearly two times the national average. The Property also has a 5-mile population of 200,000+ and a 1-mile median home value of $423,933.

The Property is positioned just off of Interstate, I-88, which experiences nearly 150,000 vehicles passing by daily. The Property is also within three-miles of the downtown Naperville and its Metra station, connecting Naperville to Downtown Chicago and is positioned directly between two strong dining corridors, two miles either way, with restaurants such as Morton’s Steakhouse, Buffalo Wild Wings, Jason’s Deli, The White Chocolate Grill, and Chipotle to name a few. The Investment also benefits from exceptional demographics as the average household income is above $120,000 within a one, three, and five-mile radius, which is 2.3-times the national average.

The Investment is being offered at a substantial discount to replacement cost and with the proper capital and lease-up strategy, the purchaser should be able to realize leveraged and unleveraged internal rates of return in the low-20s and low-mid teens, respectively.

SIGNIFICANT VALUE-ADD INVESTMENT

Rare Investment offering investors upside through lease-up of 49,772 square feet or 45% of the building, while making some base building, parking and common area improvements and substantially raising rental rates.

OUTSTANDING DEMOS

The average household income within a 1, 3, and 5-mile radius exceeds $120,000, which is nearly 2-1/2 times the national average and the daytime population within a 5-mile radius is nearly 250,000 people.

SUPERIOR VISIBILITY + AMENITIES

The Property features exceptional visibility directly on I-88, which sees more than 145,000 vehicles per day and presents tenants with valuable monument signage exposure. The Property currently offers its tenants on-site management, high-speed AT&T and Comcast, Wi-Fi throughout the common areas and a daily food delivery service program.

LEADING OFFICE SUBMARKET

As of the third quarter of 2017, the East/West Office Submarket lead Chicagoland in 2017 net absorption with more than the 325,000+ square feet of absorption given its physical, financial and locational attributes and lead the Chicago suburbs with the lowest overall direct vacancy rate.

STRONG ECONOMIC DRIVERS

DuPage County is home to 40,000+ businesses, 700,000 employees and boasts the lowest unemployment rate of all Chicagoland counties at just 3.9%. DuPage County’s commercial real estate taxes are also significantly lower than those of neighboring Cook County.

WELL LOCATED

The Property’s location offers the tenant base a wide variety of restaurants, entertainment and lodging options within the immediate vicinity. The Property is less than one-mile from a four-way interchange accessing I-88 , 6-miles to I-355, 14-miles to both I-55, I-294 and 30-miles West of the City of Chicago.