Listed by Friedman Real Estate IL LLC
$2,700,000
3948 w 26th street
Details
APN 16-26-118-033-0000
Property Type Office
Sub Type Executive Office
Square Footage 57,966
Cap Rate 19.00%
NOI $148,964
Occupancy 56%
Year Built 2004
Investment Type Value Add
Office | 19.00% CAP | 57,966 SqFt
Investment highlights
- Atlantic Professional Building Available for Sale for the 1st time in 50 years
- 57,966 SF Office Building located in Hot Little Village
- Major value add play in raising rents, and leasing out vacant office spaces
- Potential for user to use majority of the building
- Potential for redevelopment and acquisition of adjacent building
- Central States SER Cook County Workforce is long term anchor tenant in the building
- 26th Street is the 2nd highest performing commercial corridor in the city behind Michigan Ave
- Asset has the ability to achieve $570,000 NOI through lease up (Current NOI is $173,964 at 56% leased)
Listing Contacts
Listed by Friedman Real Estate IL LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$148,964.00
$12,413.67/mo
Valuation Metrics
0
DSCR
5.52%
Cap Rate
5.52%
ROI
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