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Retail Property For Sale

Office Depot (PRICE REDUCED 9 CAP)

2928 N Ashland, Chicago, IL 60657

Price:
$5,952,822
Building Size:
23,939 SF
Price/SF:
$248.67
Property Type:
Retail
Property Sub-type:
Anchor
Additional Sub-types:
Free Standing Bldg
Retail (Other)
Retail Pad
Property Use Type:
Net Lease Investment with 9 years left on lease
Commission Split:
1%
Cap Rate:
9%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Lot Size:
30,680 SF
Find Out More...

Last Verified 10/28/2009 Listing ID 16290607

Highlights

Great real estate
Office Depot does very well at this location
Excellant demographics

Large monument sign on Ashland
Co anchored with Jewel/Osco and other great tenants
Signalizes access on Wellington

Description

PRICE REDUCED !!!!Free standing Office Depot in a Jewel/Osco anchored shopping Center. 10 year NNN lease which started Sept. 26 /08 with 4-5year ortions with 10% increases after the first 5year period and each option.Very busy Store with excellant Demos and location. Office Depot is publicly traded on the NYSE under the symbol ODP. Abundant parking through a easment agreement.

Ashland Between Diversey and Belmont is one of the most sought after areas to live in the City of Chicago.Within a 1.5 mile radius there are 144,652 people with an average HH income of $101,196 Jewel?Osco anchors this center

Financial Summary

Major Tenant Information

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$535,754
Net Operating Income
$535,755
Pre-Tax Cash Flow
$535,754

Tenant	SF Occupied	Lease Expired
Office Depot	23,939	9/1/2018

Map of 2928 N Ashland, Chicago, IL 60657 (Cook County)

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Presented by

Edgemark Commercial Real Estate Services

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Contact Listing Broker

Jeff Kowal (630) 572-5611

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Created 6/23/2009

Additional Information for 2928 N Ashland Avenue, Chicago, IL 60657

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 2928 N Ashland, Chicago, IL 60657

Nearby Retail properties for saleSearch all commercial real estate for sale

Confidential
$2,950,000
9,000 SF
932 West Diversey #C
$560,000
1,200 SF
Walgreens - Chicago Lakeview Neighborhood
$4,450,000
20,483 SF
3248 N Sheffield Ave
$299,000
N/A
Lincoln Park Bank
$1,750,000
3,100 SF

Nearby Retail properties for leaseSearch all commercial real estate for lease

BELMONT ARMY
$30.00/SF/Year
6,000 - 24,000 SF
945 W. Diversey
$45.00/SF/Year
1,400 - 5,200 SF
CLARK STREET RETAIL
$2.95 - $19.95/SF/Year
1,100 SF
933 W. Belmont
$44.00/SF/Year
1,439 SF
2825 N. Sheffield
$28.00/SF/Year
2,567 SF

Nearby Recently Sold Retail propertiesSearch all recently sold commercial real estate

Free Standing Bldg
Sold 3Q 2007
Retail (Other)
Sold 2Q 2005
Retail (Other)
Sold 2Q 2004
Retail (Other)
Sold 2Q 2007
Street Retail
Sold 4Q 2008

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Office Depot (PRICE REDUCED 9 CAP)

2928 N Ashland, Chicago, IL, 60657