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CTA UNIVERSITY

$3,594,000 | 8.00%

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4829 North Lipps Avenue
Chicago, Illinois 60630

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Features

  • Single-Tenant Net Leased Building Occupied by the Chicago Transit Authority | CTA University
  • Attractive Lease Terms with 8 Years of Term Remaining and Scheduled Rental Increases | 3% Annual Rental Increases Throughout Term
  • Subject Property is Used by CTA’s Training and Workforce Development Staff to Provide Training to CTA Employees in Various Areas Including Rail and Bus Operations and Safety and Security Training
  • The CTA Currently has over 10,000 Employees Including 600 Newly Hired Bus Operators in 2023 | The Agency is Doubling its Number of Rail Operator Training Slots to 200 This Year
  • Walking Distance from the Jefferson Park Transit Center (0.1 Miles) and the Jefferson Park Blue Line Station (0.2 Miles)
  • 0.2 Miles from the Interstate 90 Interchange | 163,700 Vehicles per Day
  • 361,018 People Live Within Three Miles | 278,734 People Work Within Three Miles

Contact

SEAN SHARKO
Senior Vice President Investments
Tel: (630) 570-2238
Sean.Sharko@marcusmillichap.com

* Broker of Record: Steven Weinstock

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