5310 W Cermak Rd - Office FOR SALE
Cicero, IL 60804 |
5310 W Cermak Rd
Cicero, IL 60804
HIGHLIGHTS
- Suburban office building with ample parking on-site and a drive-through ATM that benefits from high visibility on a major east-west thoroughfare.
- DJJE Holdings, known for their work with autistic children, has been a tenant since 2019 and their base term is set to run until 2024.
- Value-add opportunity at 50% occupancy allowing a new owner the unique opportunity to lease the second floor and basement space.
- The structure is made of concrete whereas the roof is composed of interlocking metal terra cotta tiles and it is equipped with one elevator too.
- The owner, Huntington National Bank, has investment grade credit and is contemplating a sale leaseback for an initial term of 10 years.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Huntington Cicero Office
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
15462
STORIES
3
BUILDING CLASS
B
YEAR BUILT
1997
SPRINKLERS
-
PARKING SPACES
66
LAND DETAILS
LAND ACRES
1 AC AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
16-21-310-011-0000,16-21-310-012-0000,16-21-310-013-0000,16-21-310-017-0000
