50 W Ogden Ave - Auto Dealership FOR SALE


Westmont, IL 60559
$14,000,000 USD
650-644-6544
50 W Ogden Ave, Westmont, IL for Sale
$14,000,000 USD
Auto Dealership - FOR SALE
1/5
null | 5.75% Cap Rate

50 W Ogden Ave
Westmont, IL 60559


HIGHLIGHTS

  • INSTITUTIONAL-GRADE TENANT (TESLA, INC.) Occupied by a global leader in electric vehicles (NASDAQ: TSLA)
  • STRATEGIC "AUTO MILE" LOCATION Situated on the prestigious Westmont Auto Mile, a premier regional luxury car destination.
  • MISSION-CRITICAL SERVICE COMPONENT This 23,164 SF facility serves as both a showroom and a specialized service center.
  • AFFLUENT SUBMARKET DEMOGRAPHICS Located in a primary Chicago suburb where average household incomes exceed $100,000 within a five-mile radius.

OVERVIEW

This premium investment opportunity features a high-performance retail asset strategically located on the Westmont Auto Mile. Fully leased to Tesla (NASDAQ: TSLA), the property offers institutional-grade stability, an attractive yield with cash flow growth, and minimal management requirements. The exceptionally well-positioned property spans 3.05 AC supporting 23,164 RSF of A-class retail space with 144 surface parking stalls. The Property is being offered on a fee simple basis, free and clear of existing financing, and on an “as-is, where-is” basis.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$604 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

undefined, Auto Repair, Showroom

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

144

LAND DETAILS

LAND ACRES

3.05 AC

LAND SF

132,858 SF

ZONING

B-2

APN/PARCEL ID

09-04-221-034

ASK ABOUT THIS PROPERTY

Jim WrightMarcus & MillichapMore Info
650-644-6544

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Jim WrightMarcus & MillichapMore Info
650-644-6544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.