TriMor Retail Center Value-Add Opportunity
$2,300,000
Listing Resources
Listing Description
TriMor Center – Value Add Opportunity
2 Building Portfolio for Sale. New Roofs and RTU’s in 2020. Legacy Tenants.
Long-Established, family operation has developed and operated this center for multiple generations. Provides new ownership the opportunity to increase rents to market rates.
Located in a TIF District and Enterprise Zone.
Reduced Sale Price: $2,300,000
NOI: $278,564
CAP Rate: 12.11%
Listing Details
Settings
Listing No : 2289
Sale Or Lease : For Sale
Property Type(s) : Investment
Building Size (Sqft) : 68,480 Sqft
Lot Size (Acres) : 3 Acre(s)
Sale Price : $2,300,000
CAP Rate : 12.11%
NOI : $278,564
Building Total Sqft : 68,480 Sqft
Total Sqft Available : 68,480 Sqft
Direct Lease : 2,625 Sqft
Office : 68,480 Sqft
Retail : 68,480 Sqft
Min Divisible Sqft : 1,125 Sqft
Max Contiguous Sqft : 68,480 Sqft
Parcel No : 22-1-20-08-06-101-026; 22-2-20-08-06-101-023
Zoning : C-5 Hwy Commercial
Zoning By : Granite City
Complex : TriMor Center
TIF : Yes
Enterprise Zone : Yes
Parking : 120
Parking Surface Type : Asphalt
Property Tax : $49,606
Tax Year : 2019
Traffic Count : 17,300
Year Built : 1959
Rehab Year : 2020
Class : C
Exterior : Masonry
Floors : 1
Acres : 3 Acre(s)
Frontage : 125 ft
Depth : 500 ft
Interstate : I-270 and I-255
Gross Rental Income : $405,372
Insurance : $27,108
CAM : $35,000
Utilities : $3,000
Property Management : $11,700
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Collin
Fischer - CCIM
- Office: 618-277-4400 Ext. 20
- Mobile: 618-420-2376
- collinf@barbermurphy.com
-
Carter
Marteeny
- Office: 618-277-4400 Ext. 41
- Mobile: 618-304-3917
- carterm@barbermurphy.com