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618-277-4400

Fully Leased Industrial Investment

$1,375,000

Listing Resources

Listing Description

Industrial Investment Opportunity

Two Fully Leased 16,800 SF Industrial Buildings located off Hwy 50 on Commerce Dr. between O’Fallon and Lebanon, IL.

Value Add Investment; Below Market Rents

8.37% CAP RATE – NOI: $115,119

Sale Price: $1,375,000 ($40.00 per SF)

Listing Details

Settings
Listing No : 2209
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial
Building Size (Sqft) : 33,600 Sqft
Lot Size (Acres) : 2.70 Acre(s)
Total Sqft Available : 33,600 Sqft
Sale Price : $1,375,000
Sale Price Per Sqft : $40
CAP Rate : 8.37%
NOI : $115,119
Parcel No : 04-27.0-402-400;001
Zoning : Industrial
Zoning By : City of O'Fallon
Parking : 20
Parking Surface Type : Concrete/Asphalt
Property Tax : $19,381
Tax Year : 2018
Year Built : 1998
Rehab Year : 2000
Roof : Metal
Exterior : Metal
Floors : 1
Total Units : 2
Interstate : I-64
Airport : MidAmerica St. Louis
Gross Rental Income : $151,200
Insurance : $7,500
CAM : $8,000
Property Management : $1,200

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