5237-5257 S Ashland Ave, Chicago, IL
12,901 SF office building with GSA lease in Chicago.
- Added:
- Aug 7, 2024
- Days on Market:
- 674
- Last Refresh:
- May 20 at 8:39 pm
Property Features for 5237-5257 S Ashland Ave
General Information
- Standard status
- Active
- Size
- 12,901 SF
- Lot size
- 0.51 Acres
- Property subtype
- OFFICE
Listing agent Neil Haleem License #471010714 (708) 927-8000
Listing office Network Commercial Real Estate (708) 927-8000
Listing date Aug 7, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Network Commercial Real Estate
HighLights
- New 10yr GSA Lease (Social Security Office)
- 12,901sf Building on a 30,419sf site
- 31 on site parking spaces
- Traffic Light Intersection for ease of access
- 2 Curb Cuts
- Densely Populated Area
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $495.4k | $38.40 |
| − Vacancy | −$126.3k | −$9.79 |
| EGI | $369.1k | $28.61 |
| − OpEx | −$92.3k | −$7.15 |
| NOI | $276.8k | $21.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6643
- Latitude
- 41.7984
