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For Sale

Fully Leased Citibank Building

9009 Ogden Avenue,
Brookfield, IL 60513

Asset Snapshot

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

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Listing Syndicated From

Buildout
For Sale
$8,000,000
Asking Price