MINIMUM OFFER PRICE: $650,000
CAP RATE: 11.34%
OFFER DEADLINE - AUGUST 2, 2019 - WILL SELL AT OR ABOVE MINIMUM OFFER PRICE - HIGHLY MOTIVATED SELLER
This 5,061 SF office condo is completely split & leased to two well-established tenants at a highly attractive 11.34% cap rate. The offices have been recently upgraded & are located in the Commerce Place Office Complex. The sale presents a wonderful opportunity to acquire solid cashflow at a highly-valued cap rate.
Unit 200A: 2,030 SF – First Centennial Mortgage (www.gofcm.com) NNN Lease – Currently paying $15.02/SF NNN ($30,490.56/year)
Unit 200B: 3,031 SF – ITG Transportation (www.itgtrans.com) NNN lease – Currently paying $14.25/SF NNN ($43,191.75/year)
Lisle is a substantial office market in the east/west commercial corridor of Chicago along I-88. Home to 22,989 residents, the city is well located roughly 27 miles west of Downtown Chicago. The median income of $79,819 per household is far superior to both the state & national averages. Lisle has a growing economy within the finance, insurance, tech services, and wholesale trade. It is also home to major commercial retailers and popular restaurants, showcasing the area as a bustling town for current and incoming residents and tenants.