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4533 W Roscoe St
Chicago, IL 60641
AT&T Fiber Optic Dispatch Center · Industrial Property For Sale


Investment Highlights
- 40+ Years of AT&T Occupancy & New 5-Year Renewal
- Investment Grade Tenancy – S&P: BBB / Moody’s: Baa2
- 4+ Acre Infill Parcel Surrounded by Dense Residential
- Mark-to-Market Strategy with Market Rents 2x In-Place Rents
- Covered Land Play with Underutilized FAR
- Net Lease Investment Opportunity with 2.0% Annual Escalations
Executive Summary
CBRE is pleased to present the exceptional opportunity to acquire the AT&T Fiber Optic Dispatch Center at 4533 West Roscoe Street in Chicago, IL. Occupied by AT&T for over 35+ years, the dense, infill 4+ acre parcel on Chicago’s northwest side consists of a 113,155 SF building and truck yard that functions as the company’s service center for the surrounding market.
AT&T recently renewed for an additional 5-year term through September 30, 2031 (5.0 years remaining as of October 1, 2026) and has one additional 5-year renewal option remaining. At such time, AT&T’s rent would be adjusted to market, if continued occupancy was desired, and market rates currently surpass AT&Ts in place rent by more than 2x.
The facility is situated in the Kilbourn Park neighborhood and is directly adjacent to Intrinsic Schools Belmont Campus, established single family homes, and modern multifamily developments. The local area is home to a dense and growing population, with more than 600,000 people living within a 3-mile radius, and features excellent access to Interstates 90, 94, and 290, positioning the site within one of Chicago’s most well connected and supply constrained infill corridors.
The Property’s recent lease renewal with investment grade tenancy, massively below market rent, and underutilized FAR on an infill Chicago site provide for exceptional upside as a long-term covered land play alongside a mark-to-market strategy.
AT&T recently renewed for an additional 5-year term through September 30, 2031 (5.0 years remaining as of October 1, 2026) and has one additional 5-year renewal option remaining. At such time, AT&T’s rent would be adjusted to market, if continued occupancy was desired, and market rates currently surpass AT&Ts in place rent by more than 2x.
The facility is situated in the Kilbourn Park neighborhood and is directly adjacent to Intrinsic Schools Belmont Campus, established single family homes, and modern multifamily developments. The local area is home to a dense and growing population, with more than 600,000 people living within a 3-mile radius, and features excellent access to Interstates 90, 94, and 290, positioning the site within one of Chicago’s most well connected and supply constrained infill corridors.
The Property’s recent lease renewal with investment grade tenancy, massively below market rent, and underutilized FAR on an infill Chicago site provide for exceptional upside as a long-term covered land play alongside a mark-to-market strategy.
Property Facts
| Sale Type | Investment NNN | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1947 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | Clear Ceiling Height | 23’ |
| Lot Size | 4.17 AC | No. Drive In / Grade-Level Doors | 14 |
| Rentable Building Area | 113,155 SF | ||
| Zoning | M1-1 | ||
| Sale Type | Investment NNN |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 4.17 AC |
| Rentable Building Area | 113,155 SF |
| No. Stories | 2 |
| Year Built | 1947 |
| Tenancy | Single |
| Clear Ceiling Height | 23’ |
| No. Drive In / Grade-Level Doors | 14 |
| Zoning | M1-1 |
Property Taxes
| Parcel Number | 13-22-315-025-0000 | Improvements Assessment | $278,915 |
| Land Assessment | $681,585 | Total Assessment | $960,500 |
Property Taxes
Parcel Number
13-22-315-025-0000
Land Assessment
$681,585
Improvements Assessment
$278,915
Total Assessment
$960,500
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