4701 MIDLOTHIAN TURNPIKE CRESTWOOD IL 60445
Target CAP Rate
Today's Market Value
Target Purchase Price
24,000 SF/40 Suites
Market CAP Rate
2 Year Pro Forma Value
About the Property
4 excellent turnkey office buildings in Crestwood, IL. Suites are between 500-700 SF and can be combined, making them perfect for small businesses. Diverse tenant base and high occupancy even through the pandemic - these are easy to lease out. 6% annual rent increases built into nearly all leases.
About the Neighborhood
Crestwood is located in the southern suburbs of Chicago. It has a very active business corridor off of Cicero, Cal Sag and Midlothian Turnpike. Located near the I-294 (Central Tri-State Tollway) allows for quick access to both I-57 and I-80 Interstates.
Purchase with 30% down payment. Allow 6% annual rent increases to kick in and lease out remaining vacancy. After 6 months, initiate cash-out refinance based on market value and increased rental income.
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