Fully Leased CitiBank Building for Sale

Building Size	18,063 Square Feet
Zoning	Commercial

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

Agent

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.