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50 N Brockway St
Palatine, IL 60067
BMO Long Term Leased Office · Office Property For Sale
Investment Highlights
- 92% of the total rent is from BMO with a new lease through April 2033
- $1 million in tenant-funded renovations completed in 2023
- Residual price per foot under $50 after the BMO guaranteed income
- Over $2.5 million in guaranteed rent from BMO Harris Bank
- 2nd largest tenant has a lease that is $5/SF below market rent
- BMO - 2022 deposits of $740+ million for this branch
Property Facts
Property Type
Office
Building Size
50,000 SF
Building Class
B
Year Built
1975
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
10,000 SF
Building FAR
0.57
Lot Size
2.00 AC
Zoning
B-4 - Office-Research District
Parking
100 Spaces (2.35 Spaces per 1,000 SF Leased)
Amenities
- Security System
Property Taxes
| Parcel Number | 02-15-421-014-1001 | Improvements Assessment | $132,186 |
| Land Assessment | $72,414 | Total Assessment | $204,600 |
Property Taxes
Parcel Number
02-15-421-014-1001
Land Assessment
$72,414
Improvements Assessment
$132,186
Total Assessment
$204,600
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