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406-414 W Ogden Ave 12,000 SF 100% Leased Retail Building Downers Grove, IL 60515 $2,100,000 ($175/SF) 6.55% Cap Rate
INVESTMENT HIGHLIGHTS
- Desirable Ogden Ave. Location.
- 100% Occupied.
EXECUTIVE SUMMARY
Fully leased retail strip center located on desirable Ogden Avenue location just west of the NWC of Ogden & Fairview in Downers Grove IL. All new net leases with the exception of True Balance Karate, two rear overhead doors, facade and monument signage. Minimal expenses, excellent infill location on busy Ogden Avenue. Please do not disturb tenants.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
12,000 SF
Building Class
C
Year Built
1986
Price
$2,100,000
Price Per SF
$175
Cap Rate
6.55%
NOI
$137,515
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.69 AC
Zoning
R2, Downers Grove - B-2
Parking
20 Spaces (1.78 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- True Balance Karate Institute
- Educational Services
- -
- -
- Triple Net
- Dec 2015
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| True Balance Karate Institute | Educational Services | - | - | Triple Net | Dec 2015 |
Walk Score®
Very Walkable (77)
NEARBY MAJOR RETAILERS
1 of 6
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406-414 W Ogden Ave
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