LINCOLNWOOD OFFICE BUILDING
7300 North Cicero Avenue, Lincolnwood, Illinois 60712
PERFECT LOCATION
OFFICE ZONING / 17,000 cars per day
IMMACULATE CONDITION---MANY IMPROVEMENTS
4 STAR OPPORTUNITY FOR AN OWNER/INVESTOR
OPTIMAL POSITION RIGHT NEXT TO 94 & TOUHY
208 FRONTAGE X 175 DEPTH / ABOUT 35,500 LSF
2 story walk up / 22,000BSF / 17,000 RSF-USF / pin #10-28-424-087-0000
20 OFFICE UNITS---sizes range from 374SF to 2365SF
Very attractive modern red brick corner with gorgeous landscaping
5 Bathrooms
1 Private executive bathroom
2 Common break areas with kitchens
1 Common conference room
4 private kitchen areas
96.5% occupied----------------------7.6% cap rate
100% occupied pro forma-------------8.1% cap rate
Current gross income----------------$416,226
Current yearly net income is at ----$184,714
Pro-forma net-----------------------$195,382
THIS IS UNIQUE TO THIS WELL MANAGED PROPERTY
Long term tenants that renew often in one or 2-year increments, no options
5% yearly rent escalations on all tenants (better than the usual 3% bumps)
AVAILABLE FOR OWNER-OCCUPIER—FLAGSHIP OFFICE
NORTHEAST CORNER---2ND FLOOR---2340SF---private kitchen, conference room---almost all glass walls
OR—-existing tenant will remain for owner investor
ONLY ONE SMALL OFFICE VACANT—-#212/595SF
CAPITAL IMPROVEMENTS
2019---NEW ROOF, 8 NEW PARKING SPACES ON CHASE,ASPHALT
2022---ASPHALT SEAL COATING
2023---FURNACE REPLACED
2024---FURNACE REPLACED
5 NEW HVAC SYSTEMS IN THE LAST 6 YEARS
8 AC units / 8 heating units
EASY ROOF ACCESS / FULL BASEMENT
46 PARKING SPACES
DRIVEWAY ACCESS TO INNER LOT
28 on site---18 leased
16 south lot---4 side drive---8 north side
18 leased south across Chase from neighbor building
EXCELLENT LOCATION FOR BUSINESS
RAPID ACCESS TO ALL AREAS
Adjacent to 94 & Touhy / Lincoln / Milwaukee / NW Highway
20 minutes to the Loop / 7 minutes to the Metra