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6305 Ogden Ave 15,010 SF 100% Leased Retail Building Berwyn, IL 60402 $3,710,868 CAD ($247.23 CAD/SF) 7.25% Cap Rate



Investment Highlights
- Property is located in high traffic retail sub-market.
- Property has great visibility seeing 22,600 vehicles per day.
Executive Summary
Transwestern Commercial Services, a full service commercial real estate firm, as exclusive broker, is pleased to offer for sale the two-tenant Caliber Collision and Enterprise Rent-a-Car (“Property” or “The Property”) located in Berwyn (Chicago), Illinois. The Property is located at 6305 Ogden Ave, Berwyn, Illinois. It offers an investor a terrific opportunity to own a retail asset situated in an infill, high-density, high traffic, retail sub-market, at a location with a long operating history and minimal landlord responsibilities. The Property consists of 0.76 acres of land and 15,010 square feet of building. The Property benefits from being located on heavily traveled Ogden Avenue (22,600 vehicles per day), a major east-west thoroughfare that connects the city of Chicago to many of the southwest suburbs. The area is extremely infill with over 230,000 people in a three-mile radius and 667,000 people in a five-mile radius. The immediate trade area boasts other major tenants including MacNeal Hospital, PNC Bank, Byline Bank, Walgreens, Taco Bell, Midas, Safelite, AutoZone, Dollar Tree, Chase Bank, McDonald’s and many others. The Property is in the Cicero/Berwyn Retail Submarket with a total inventory of 11.1 million SF of retail space and a low vacancy factor of 4.6%. There is almost no new construction of retail space in this submarket. The average sub-market asking rent is $19.08 Net.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
15,010 SF
Building Class
C
Year Built/Renovated
1953/2000
Price
$3,710,868 CAD
Price Per SF
$247.23 CAD
Cap Rate
7.25%
NOI
$269,004 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.76 AC
Zoning
C-4 - Corridor Commercial District
Frontage
200’ on Ogden Avenue
Amenities
- 24 Hour Access
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $204,955 CAD | |
| Land Assessment | $188,922 CAD | Total Assessment | $393,877 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$188,922 CAD
Improvements Assessment
$204,955 CAD
Total Assessment
$393,877 CAD
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6305 Ogden Ave
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