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Fully Leased CitiBank Building for Sale 9009 Ogden Ave 18,063 SF Retail Building Brookfield, IL 60513 $10,864,000 CAD ($601.45 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
B
Year Built
1962
Price
$10,864,000 CAD
Price Per SF
$601.45 CAD
Cap Rate
5.70%
NOI
$619,112 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.36
Lot Size
1.15 AC
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $499,348 CAD | |
| Land Assessment | $208,154 CAD | Total Assessment | $707,502 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$208,154 CAD
Improvements Assessment
$499,348 CAD
Total Assessment
$707,502 CAD
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Fully Leased CitiBank Building for Sale | 9009 Ogden Ave
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