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475 E 162nd St
21,538 SF 100% Leased Office Building South Holland, IL 60473 $3,320,000 ($154/SF) 9.25% Cap Rate
Investment Highlights
- 9.25% Cap Rate
- Two national NNN tenants
- Strongest Bank in Zip code with over $200,000,000 in deposits
Executive Summary
First floor is fully occupied by Fifth Third Bank with a lease running through August 2026 & options through 2051. Second floor is fully occupied by accentCare with a lease running through May 2028.
Area features strong demographics, rental rates and occupancy rates and ample traffic with 38,000 vehicles per day. Average Cap rate of all retail and office properties within 5 miles is 8.6%. Average annual household income is $66,478 with an impressive consumer spending of $2.1 Billion.
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Finance and Insurance
- -
- -
- -
Fifth Third is one of the largest consumer banks in the Midwestern United States. Fifth Third's client base spans retail, small business, corporate, and investment clients. The quality of life in their community is important to them. They work, play and raise their families here. That’s why they’ve committed themselves to improving lives in all the markets they serve.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Finance and Insurance | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
8,000 SF available for lease at $20 Modified Gross.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 8,000 SF | Office/Medical | Full Build-Out | 30 Days |
2nd Floor
| Size |
| 8,000 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Floor
| Size | 8,000 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | 30 Days |
8,000 SF available for lease at $20 Modified Gross.
PROPERTY TAXES
| Parcel Number | 29-22-200-046-0000 | Improvements Assessment | $37,712 |
| Land Assessment | $13,241 | Total Assessment | $50,953 |
PROPERTY TAXES
Presented by
475 E 162nd St
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