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Fully Leased CitiBank Building for Sale 9009 Ogden Ave 18,063 SF Retail Building Brookfield, IL 60513 $8,000,000 ($442.89/SF) 5.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased CitiBank Building for Sale with a 5.7% cap rate - current year; grows to 6.7%
- 2% annual increase on rent and (2) 5 year renewal options - starting in 2035
- Double corner location with separate drive-thru parcel (see aerial) and excellent parking; landmark building designed by student of Frank Lloyd Wright
- Long-term tenant since 1991 - just renewed with an unusually long lease term: 10 years - from 2025 through 2034!
- Strong guarantee - leased to a national credit tenant - 3rd largest bank holding company in US with $2+ trillion in assets; Moody's - Aa3 - stable
- Within walking distance of Metra Brookfield and Congress Park stations
EXECUTIVE SUMMARY
Fully Leased CitiBank Building for Sale with a 5.7% cap rate - current year; grows to 6.7%
Offering Memorandum available - contact broker
Offering Memorandum available - contact broker
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
18,063 SF
Building Class
C
Year Built
1964
Price
$8,000,000
Price Per SF
$442.89
Cap Rate
5.70%
NOI
$455,900
Tenancy
Single
Building Height
2 Stories
Building FAR
0.36
Lot Size
1.15 AC
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-03-217-062-0000 | Improvements Assessment | $4,546 |
| Land Assessment | $42,906 | Total Assessment | $47,452 |
PROPERTY TAXES
Parcel Number
18-03-217-062-0000
Land Assessment
$42,906
Improvements Assessment
$4,546
Total Assessment
$47,452
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Fully Leased CitiBank Building for Sale | 9009 Ogden Ave
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