9009 Ogden AveBrookfield, IL 60513

For Sale
$8,000,000

Prime Bank Building, 18,063 SF, 10-Year Lease

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fully leased, 18,063-square-foot bank building located at 9009 Ogden Avenue in Brookfield, Illinois. The property boasts a strong, long-term lease with a national credit tenant, extending through 2034, with two five-year renewal options commencing in 2035. The current lease features a 5.7% cap rate, projected to increase to 6.7% due to a 2% annual rent escalation clause. This single-tenant building offers 100% occupancy and is situated on a double corner lot, providing excellent visibility and accessibility. A separate drive-thru parcel is also included. The property features ample parking and is conveniently located within walking distance of both the Metra Brookfield and Congress Park stations. The building, designed by a student of Frank Lloyd Wright, is a landmark in the community. The Cook County property (APN 18-03-218-064-0000) is zoned for commercial use. The asking price is $8,000,000, translating to a price per square foot of $442.89. This represents a secure investment with a tenant boasting a Moody's rating of Aa3 (stable) and over $2 trillion in assets. An offering memorandum is available upon request.

Highlights

  • Fully leased 18,063 SF bank building with a national credit tenant (Moody's Aa3, stable) boasting over $2 trillion in assets; lease extends to 2034 with two 5-year options.
  • Excellent parking; landmark building designed by a Frank Lloyd Wright student.
  • Double corner lot with separate drive-thru parcel.
  • Conveniently located within walking distance of Metra Brookfield and Congress Park stations.

Location Insight

City
Brookfield
County
Cook
State
Illinois
Latitude
41.8164314
Longitude
-87.847367
9009 Ogden Ave, Brookfield, Illinois

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9009 Ogden Ave
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