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NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

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Attributes

Year Built 2019
Building Area
Land Area ()

Property Description

Jones Lang LaSalle Americas (Illinois) L.P. (“JLL”) is pleased to present the opportunity to acquire the 100% fee simple interest in Oakmont Point (the “Property”), located at 700 Oakmont Lane in Westmont, Illinois. Completed in 2019 by Ryan Companies, Oakmont Point is a transformational redevelopment catered towards creating a cutting-edge office environment for premier national brands. Conveniently situated amongst the affluent western Chicago suburbs in DuPage County, the Property enjoys a business-friendly environment and a significant tax discount when compared with nearby properties located to the east in Cook County. Furthermore, Oakmont Point enjoys an abundance of area amenities including Oakbrook Center - the second largest open-air mall in the country - offering more than 175 retail stores and located less than a five minute drive north from the Property. Oakmont Point is easily accessible via the surrounding area’s vast interstate network and is less than 20 miles from Downtown Chicago, O’Hare International Airport (ORD) and Chicago Midway International Airport (MDW). Anchored by Jones Lang LaSalle (“JLL”) and further bolstered by Ryan Companies, the Property offers potential investors a blue-chip rent roll backed by investment grade credit. As such, Oakmont Point ensures durable, long-term cash flow, more than nine (9) years of weighted-average lease term and benefits potential investors with attractive yield in the current historically low interest rate environment.



VIEW OAKMONT POINT DRONE TOUR

Investment Highlights

  • 91.2% Leased
  • 75.3% of RSF Leased to S&P: BBB+ Credit
  • 2019 Construction
  • 62 - 75% Lower Taxes than Nearby Submarkets
  • 9.2 Years WALT
  • Durable In-Place Cash Flow Paired with Historically Low Interest Rates
  • Millennials 3.7x More Likely to Purchase a Home in the Suburbs than the City


Last Updated Date: 05 Mar 2021
Patrick Shields
Pat Shields
Senior Director, Capital Markets
License details
IL-475.147639
Sam DiFrancesca
Sam DiFrancesca
Senior Director, Capital Markets
License details
475.145835

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Last Updated Date: 05 Mar 2021

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