Listed by Stream Capital Partners
$15,824,557
Ajinomoto Health
Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 59,592
Cap Rate 7%
NOI $1,107,719
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Expiration 03/31/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options 5, 5-year
Price per SqFt $266
Investment Type Net Lease
Office | 7.00% CAP | 59,592 SqFt
Investment highlights
Investment Grade Credit: Ajinomoto Co. Inc, which holds an investment grade credit rating of A+.
Passive Investment: Long term NNN lease with approximately 10 years of term remaining and annual rent escalations.
Strategic Market Positioning: The location houses the North American HQ with R&D space close to Chicago's O'Hare Airport, making it easy for executives visiting from around the country and Japan.
Significant Tenant Investment: Ajinomoto invested approximately $7mm to renovate the facility.
Data Center Driven Submarket: NTT Global recently constructed a data center minute away, supporting long term residual land values in the area.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$1,107,719.00
$92,309.92/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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