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50 W Ogden Ave 23,164 SF Retail Building Westmont, IL 60559 $19,463,780 CAD ($840.26 CAD/SF) 5.75% Cap Rate
Investment Highlights
- INSTITUTIONAL-GRADE TENANT (TESLA, INC.) Occupied by a global leader in electric vehicles (NASDAQ: TSLA)
- MISSION-CRITICAL SERVICE COMPONENT This 23,164 SF facility serves as both a showroom and a specialized service center.
- STRATEGIC "AUTO MILE" LOCATION Situated on the prestigious Westmont Auto Mile, a premier regional luxury car destination.
- AFFLUENT SUBMARKET DEMOGRAPHICS Located in a primary Chicago suburb where average household incomes exceed $100,000 within a five-mile radius.
Executive Summary
This premium investment opportunity features a high-performance retail asset strategically located on the Westmont Auto Mile. Fully leased to Tesla (NASDAQ: TSLA), the property offers institutional-grade stability, an attractive yield with cash flow growth, and minimal management requirements.
The exceptionally well-positioned property spans 3.05 AC supporting 23,164 RSF of A-class retail space with 144 surface parking stalls.
The Property is being offered on a fee simple basis, free and clear of existing financing, and on an “as-is, where-is” basis.
The exceptionally well-positioned property spans 3.05 AC supporting 23,164 RSF of A-class retail space with 144 surface parking stalls.
The Property is being offered on a fee simple basis, free and clear of existing financing, and on an “as-is, where-is” basis.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
23,164 SF
Building Class
B
Year Built/Renovated
2005/2017
Price
$19,463,780 CAD
Price Per SF
$840.26 CAD
Cap Rate
5.75%
NOI
$1,119,167 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
3.05 AC
Zoning
B-2
Parking
144 Spaces (6.22 Spaces per 1,000 SF Leased)
Frontage
174’ on Ogden Ave
Amenities
- Skylights
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-04-221-034 | Improvements Assessment | $1,145,760 CAD |
| Land Assessment | $897,542 CAD | Total Assessment | $2,043,302 CAD |
Property Taxes
Parcel Number
09-04-221-034
Land Assessment
$897,542 CAD
Improvements Assessment
$1,145,760 CAD
Total Assessment
$2,043,302 CAD
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50 W Ogden Ave
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