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9009 Ogden Ave
Brookfield, IL 60513
Fully Leased CitiBank Building for Sale · Retail Property For Sale
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
$11,004,960 CAD
Price Per SF
$609.25 CAD
Cap Rate
5.70%
NOI
$627,145 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.36
Lot Size
1.15 AC
PROPERTY TAXES
| Parcel Number | 18-03-217-062-0000 | Improvements Assessment | $6,414 CAD |
| Land Assessment | $60,540 CAD | Total Assessment | $66,955 CAD |
PROPERTY TAXES
Parcel Number
18-03-217-062-0000
Land Assessment
$60,540 CAD
Improvements Assessment
$6,414 CAD
Total Assessment
$66,955 CAD
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