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Fully Leased CitiBank Building for Sale 9009 Ogden Ave 18,063 SF Retail Building Brookfield, IL 60513 $10,791,440 CAD ($597.43 CAD/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
$10,791,440 CAD
Price Per SF
$597.43 CAD
Cap Rate
5.70%
NOI
$614,977 CAD
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 | $6,237 CAD |
| Land Assessment | $58,867 CAD | Total Assessment | $65,104 CAD |
Property Taxes
Parcel Number
18-03-217-062-0000
Land Assessment
$58,867 CAD
Improvements Assessment
$6,237 CAD
Total Assessment
$65,104 CAD
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Fully Leased CitiBank Building for Sale | 9009 Ogden Ave
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