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For Sale

Fully Leased Citibank Building

9009 Ogden Avenue,
Brookfield, IL 60513
Represented by
NAI Realvest

Asset Snapshot

Full Service
Retail Subtype
1.15 Acres
Land Area

Offering Summary

Investment Overview

Long-term tenant - since 1991 - with a 10-year lease starting 2025 5.25% cap rate - current year; current term ends 03/31/2025 2% annual increase on rent 4-5 year renewals left Strong Guarantee - leased to a national credit tenant Moody's - Baa1 - stable; 3rd largest bank holding company in US - 2 Trillion in total assets On-site parking Double corner location (see map)


Investment Highlights

  • 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 plus (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

How it Works

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Listing Syndicated From

Buildout
For Sale
$8,000,000
Asking Price

Investment Sales Broker

Paul P. Partyka, CCIM, MiCP, CIPS
NAI Realvest