The Property is located at 1995 Yellowstone Drive, Naperville, Illinois 60563, and is known as “Dwell at Naperville.” The Property is situated on an irregular-shaped land parcel totaling approximately 24.26 acres, located on the south side of Warrenville Road to the east of North Washington Street. Interstate 88 borders the Property on the south side. Naperville is located in northeastern Illinois and is approximately 30 miles west of Chicago, and the Property is located approximately three miles from downtown Naperville. The Property is a multifamily residential complex comprised of 20 two and three-story residential Buildings and one leasing office/clubhouse that were reportedly originally constructed in 1997. According to the Property survey, the Property features 506 standard uncovered parking spaces, 120 attached garage spaces, 54 detached garage spaces, 105 tandem spaces, and 19 handicap parking spaces, for an aggregate of 804 parking spaces on the Property. The Buildings consist of a total of 400 Units that provide a total net leasable floor area of approximately 361,119 square feet. As of August 19, 2021, approximately 96.3% of the Units were occupied.
Delaware Statutory Trust