Investment Property - 9% CAP Rate
$295,000
Listing Resources
Listing Description
Investment Opportunity – 9% CAP Rate / NOI $25,511
4,324 SF Office / Retail Center for Sale with (1) 800 SF Suite for Lease
Ideal location on West Blvd with 10,800 ADT Traffic count – near Belleville East High School. Easy access to Lebanon Avenue and IL Route 161
Sale Price: $295,000
Lease Rate: $12.00 per SF, Gross
Listing Details
Settings
Listing No : 2212
Sale Or Lease : For Sale
Property Type(s) : Investment, Office, Office - General Office, Retail, Retail - Store Front Retail
Building Size (Sqft) : 4,324 Sqft
Lot Size (Acres) : 0.42 Acre(s)
Total Sqft Available : 4,324 Sqft
Sale Price : $295,000
Sale Price Per Sqft : $68.22
CAP Rate : 9%
NOI : $25,511
Building Total Sqft : 4,324 Sqft
Total Sqft Available : 4,324 Sqft
Direct Lease : 800 Sqft
Office : 4,324 Sqft
Retail : 4,234 Sqft
Min Divisible Sqft : 800 Sqft
Max Contiguous Sqft : 800 Sqft
Parcel No : 08-14.0-400-050
Zoning : B-1
Zoning By : St. Clair County
Prior Use : Office/Retail
Parking : 18
Parking Surface Type : Concrete
Property Tax : $5,693
Tax Year : 2019
Traffic Count : 10,800
Year Built : 1987
Class : B
Roof : Metal
Exterior : Concrete Block
Acres : 0.42 Acre(s)
Frontage : 144 ft
Depth : 127 ft
Gross Rental Income : $41,657.40
Insurance : $1,400
CAM : $945
Utilities : $4,508
Property Management : $3,600
-
Mike
Durbin
- Office: 618-277-4400 Ext. 39
- Mobile: 618-960-8675
- miked@barbermurphy.com
-
Paul
Murphy
Designated Managing Broker - Office: 618-277-4400 Ext. 12
- Mobile: 618-954-9901
- paul@barbermurphy.com