Grand Reserve of Naperville (Sold)

Moran & Company is pleased to announce an exclusive listing for the sale of Grand Reserve of Naperville, a 319-unit luxury apartment community located in Naperville, Illinois. Grand Reserve of Naperville’s first-class amenity package includes direct access entry to all apartment homes, attached garages with direct access entry on all two bedroom units, and loft-style unit floor plans with dramatically vaulted ceilings. The property is located off of Ogden Avenue, a major commercial and residential thoroughfare with an average daily traffic count of 30,000 vehicles. This newly refurbished property offers residents a beautifully appointed clubhouse, a state-of-the-art fitness center, and a heated outdoor pool with an attractively landscaped sundeck. Originally built in 1997, Fourth Quarter 2005 improvements included such exterior upgrades as the installation of both new Hardiplank lap siding and new roofs. This luxury apartment community is being offered on an “as is, where is” basis at a price of $51,500,000, which is $161,442 per unit or $157.67 per square foot.

Tours will begin immediately. To schedule a tour, please contact Lydia Subota at 312-407-6720. If you would like to discuss this offering in depth, please contact Pete Evans or Tom Moran at 312-407-6700. Thank you for evaluating this investment opportunity.