387 Shuman Boulevard offers the rare opportunity to acquire a 100% fee simple multi-tenant Class A office/medical property in an affluent western suburb of Chicago. This 53% leased asset presents a new investor with a value-add opportunity while benefiting from in-place cashflow and a full renovation over the last few years that modernized its infrastructure. Ownership made significant investments into the property, including the parking lot, lobby, hallways, restrooms, HVAC, electrical, plumbing, and roof. The location is highly visible from Interstate 88, which experiences 135,000 vehicles per day and offers prime signage opportunities for tenants.

Naperville has experienced a boom in healthcare jobs and offers continued demand for office/medical space. Currently, half of the tenant base is medical, with the immediate potential to lease up the remaining 51,742 square feet of vacancy, moving the building to a pure medical investment over the mid- to long-term. Situated in DuPage County, the property greatly benefits from commercial property taxes that are generally significantly lower and more predictable than neighboring Cook County’s. Naperville is highly regarded as a premier suburban market and was #1 among the Best Cities to Raise a Family in America and #4 among The Best City to Live in America, according to rankings compiled by Niche.