North Suburb Professional Office Building
415 Washington St. Waukegan IL 60085
$77 / Sq. Ft.
In Place NOI
Target CAP Rate
Today's Market Value
Target Purchase Price
Market CAP Rate
Value w/Market Rents
Cost Per Sq. Ft.
EJ Investment Group Inc. has vastly improved this property over the last two years. Lobbies, Bathrooms, HVAC system, carpet, ceiling tiles/lights, and more have been done. Throughout renovations the occupancy has increased from 70% to 88%.
About The Property
A well positioned 84,000 square foot property located in the heart of downtown Waukegan. Located steps from the new Lake County Courthouse this office property has many long term credit A tenants such as Lake County and the Waukegan Township Assessor. Property sits on the majority of a full city block offering ample parking.
About The Neighborhood
Investment highlights in Waukegan:
-Largest City and County Seat of Lake County. Ninth Largest City in Illinois.
-Waukegan Houses 14 of the 27 Lake County Gov Facilities.
-One of the Midwest's Largest Lakefront and Downtown Redevelopments. Four Miles of Lakefront.
-Home to the Historic Genesee Theatre.
Citipoint conducts a thorough document review on every property. For access to more documents such as leases, inspection reports, warranties, etc please fill out our Document Request Form.
Rents, expirations, security deposits, balances and more.
Utility expense, services, insurance, taxes, and more.
Who pays what - Landlord Vs. Tenant
Comparable multi family properties that have sold in the area.
Comparable multi family units that have been rented in the area.
Market report showing trends and insights.
Purchase Price of Property
This column shows the current financial state of the subject property. These inputs are factual and they are based on verified information.
Year 2 Pro Forma
This column is based on a stabilized condition of the subject property. These inputs assume proper property performance by using our investment suggestions (proper management, bringing rents up to market rate, vacancy absorption, etc).
This column allows the user to add custom financing scenarios.
View the return metrics based on various inputs.
"Annual Net Income", "Monthly Cash Flow", "Cash on Cash Return", "Equity Value", and "Equity Multiple" are based off of the "Year 2 Pro Forma" column inputs.
Learn how Citipoint can scale your real estate business.
Deal Flow - Learn how we source properties.
Management - Competitive rates and unparalleled service.
Value Add - Assistance with Lease Up, Construction, and Accelerated Appreciation.
Financing - Direct access to preferred lenders for Acquisition and Refinance options.