Investment: Office Condo

Office for Sale
Catylist Listing ID: 30054248
Property Subtypes: Office Building
Condo? Yes
Building Size (RSF): 2,866 SF
Gross Building Area: See Agent
Gross Land Area: 55,756 SF
Sale Price: $549,000
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 8/1/2020

Overview / Comments

Excellent investment opportunity. Leased with a national tenant since 2014. Gross income for 2018 was $52,480 with a net income of $38,750. CAP rate of 7% based on 2018 income. Rent automatically increases 2.5% each year. Condo Association takes care of the common area maintenance. The 2,866 SF brick office condo is located in an established high end area of professional offices of the Midlands Professional Campus of Sycamore, IL. Centrally located between DeKalb and Sycamore. Modern Condo features high end office suites and conference room.


Finance Data Year 2018
Real Estate Taxes - Annual($) $9,259 (Annual)
Gross Operating Income $52,480 (Annual)
Net Operating Income $38,749 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name United Aviation Fuels Corp
Industry Type Wholesale Trade
Is Renting? Yes
SF of Space Occupied 2,866 SF
Tenant Notes Leasing since 2014.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: DeKalb
Tax ID/APN: 08-01-475-010
Is Condo?: Yes
Zoning: C-3
Market Type: Medium
Property Located Between: Bethany Road and Dekalb Ave.(St.Hwy.23)
Highway Access: Easy access from I-88 by Peace Road.
Area Description: High end professional campus
Year Built: 2002
Roof Type: Gable
Construction/Siding: Brick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,988 40,154 68,986
Median Age: 40.5 31.38 31.72
Households: 2,532 14,439 25,359


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