Out-of-State Investor Acquires Life Science Facility In Lisle For $5.4M With Jason St. John As The Broker

A life sciences facility located at 2375 Cabot Drive in Lisle, Illinois has been sold for $5,400,000. The property spans 37,000 square feet, resulting in a price per square foot of $146. The facility is fully leased to the Water Quality Association, supported by a solid 12.5-year lease with annual escalations between 3% and 4.5%. The property is further enhanced by over $5 million in tenant-landlord improvements.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $5,400,000
• Address: 2375 Cabot Drive
• Market: Lisle
• Square Footage: 37,000
• Price Per Square Foot: $146
• Broker: Jason St. John - Greenstone Partners

The transaction was brokered by Jason St. John of Greenstone Partners, representing the seller in this out-of-state investment sale. The facility's appeal is bolstered by its long-term lease and significant improvements, indicating a robust investment opportunity in the life sciences sector.