Listed by NAI Realvest - Orlando
$8,000,000
9009 Ogden Avenue
Details
APN 18-03-218-064-0000
Property Type Retail
Sub Type Bank
Square Footage 18,063
Cap Rate 5.70%
Occupancy 100%
Tenancy Single
Remaining Term 10
Price per SqFt $443
Zoning Commercial
Fully Leased CitiBank Building for Sale
Marketing description
18,063 SF Fully Leased CitiBank Building with long-term tenant since 1991 -- just renewed with an unusually long lease term: 10 years - through 2034!
5.7% cap rate - current year; grows to 6.7%
2% annual increase on rent with (2) 5 year renewal options - starting in 2035
Offering Memorandum available - contact broker
Investment highlights
Strong guarantee - leased to a national credit tenant - 3rd largest bank holding company in US with $2+ trillion in assets; Moody's - Aa3 - stable
Excellent parking; landmark building designed by student of Frank Lloyd Wright
Double corner location with separate drive-thru parcel (see aerial)
Within walking distance of Metra Brookfield and Congress Park stations
Listing Contacts
Listed by NAI Realvest - Orlando
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