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618-277-4400

Fully Leased Investment Opportunity

$595,000

Listing Resources

Listing Description

Excellent Investment Opportunity – 5,600 SF Flex Building Fully Leased with a long term Single Tenant; 10% CAP Rate. Property consists of 1,440 SF Office Space and 4,200 SF Heated Warehouse / Shop Space with (3) 12’x12′ OH Doors. Located on a 3.71 Acre Fully Fenced Lot – 560′ Frontage on IL Route 3. Property is located in a growing community and within close proximity to numerous National Retailers.

Sale Price: $595,000 – 10% CAP

Listing Details

Settings
Listing No : 2198
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial, Office
Building Size (Sqft) : 5,600 Sqft
Lot Size (Acres) : 3.71 Acre(s)
Total Sqft Available : 5,600 Sqft
Min Acres Available : 3.71 Acre(s)
Max Acres Available : 3.71 Acre(s)
Sale Price : $595,000
Sale Price Per Sqft : $106.25
CAP Rate : 10%
NOI : $66,271.60
Building Total Sqft : 5,600 Sqft
Total Sqft Available : 5,600 Sqft
Office : 1,440 Sqft
Warehouse : 4,200 Sqft
Min Divisible Sqft : 5,600 Sqft
Max Contiguous Sqft : 4,200 Sqft
Drive-In Doors : 3
Drive-In Door Size : 12x12
Men's Restroom : Yes
Women's Restroom : Yes
Parcel No : 07-25-101-010-000
Zoning : B2
Zoning By : Waterloo
Complex : IL Central School Bus Facility
Parking Surface Type : Asphalt & Chat
Property Tax : $4,628.40
Tax Year : 2018
Traffic Count : 13,700
Topography : Level
Year Built : 1998
Style : Metal and Brick
Roof : Metal
Floors : 1
Total Acres Available : 3.71 Acre(s)
Min Divisible Acres : 3.71 Acre(s)
Frontage : 560 ft
Gross Rental Income : $73,200
Insurance : $2,300
Property Management : $2,000

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