230 W Lake St
Bloomingdale, IL 60108

The Bloomingdale SSA Branch Office is a single-tenant, 10,844 square foot office facility located approximately 18 miles from O’Hare International Airport. This facility was built-to-suit for the SSA in 1997, designed and developed according to the strict standards and specific requirements of the U.S. Federal Government. Scheduled tenant improvements for the property include a new roof, LED lighting fixtures, new carpet and vinyl flooring, paint, parking lot maintenance and upgrades to security and electrical systems. The property is leased for a new 10-year term via the General Services Administration (GSA), demonstrating the long-term commitment to this location. The lease is projected to commence in November 2019 and is guaranteed by the United States of America, which has a credit rating of Aaa from Moody’s Investor Services. The GSA has a long-standing reputation as a tenant with one of the highest possible renewal probabilities in the commercial real estate industry. Historical data published by the GSA regarding their portfolio of over 8,000 leases nationwide reflects a retention rate which typically exceeds 95%. Original construction includes a 4,000 square foot pad adjacent to the SSA office, with approved building permits and structural elements built in place to facilitate future tenant expansion or to accommodate an additional agency or tenant. This location benefits from excellent accessibility, with immediate proximity to Highway 20 near the intersection of Interstate 355 and Interstate 290. Other nearby national tenants include Walgreens, Starbucks, Dunkin’ Donuts, Ace Hardware, McDonald’s, Chase Bank and CVS. The Bloomingdale SSA is a rare opportunity to acquire a federal government-leased building located in the highly sought-after market of Chicago, Illinois.