Fully Leased CitiBank Building for Sale
9009 Ogden Avenue, Brookfield, Illinois 60513
$8,000,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
18,063 sqft
Zoning
Commercial
Property Description
- Long-term tenant since 1991 - just renewed with an unusually long lease term: 10 years - through 2034!
- 5.7% cap rate - current year; grows to 6.7%
- 2% annual increase on rent
- (2) 5 year renewal options - starting in 2035
- Strong guarantee - leased to a national credit tenant - 3rd largest bank holding company in US with $2+ trillion in assets; Moody's - Aa3 - stable
- Excellent parking; landmark building designed by student of Frank Lloyd Wright
- Double corner location with separate drive-thru parcel (see aerial)
- Within walking distance of Metra Brookfield and Congress Park stations
- Offering Memorandum available - contact broker
