$2,225,000 USD
704-498-8902
900-914 Ogden Ave
Naperville, IL 60563
Naperville/Lisle
HIGHLIGHTS
- Gerber Collision & Glass Anchored Strip Center
- Gerber Has Occupied the Center Since 2003; Annual Rental Increases of Two Percent (2%), and Pay Sixty Percent (60%) of Expense Passthroughs
- Naperville Jeweler Has Occupied the Space Since 2009, and is Currently on a Month-Month Leas
- Affluent Suburb of Chicago With an Average Household Income $147,000
- High Traffic Location Exceeding 38,000 Vehicles Per Day
- Automotive Retail Synergy with Neighboring Mavis Tire, Advanced Auto Parts, and Jiffy Lube
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,830 SF Gerber Strip Center Located at 900-914 Ogden Avenue in Naperville, IL. This Deal Includes Value Add Component With One Month-to-Month Tenant and Gerber Has Occupied the Center Since 2003; Annual Rental Increases of Two Percent (2%), and Pay Sixty Percent (60%) of Expense Passthroughs, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BoR: Andrew Ackerman - Lic. IL #471021429
FOR SALE DETAILS
PRICE
$2,225,000 USD
PRICE/SF
$445 USD /SF
CAP RATE
5.98%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Gerber Strip Center - Naperville, IL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
0.65 AC
LAND SF
28,314 SF
ZONING
C
APN/PARCEL ID
08-07-411-003
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704-498-8902
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704-498-8902
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