Value-Add Opportunity
$3,200,000
Listing Resources
Listing Description
TriMor Center – Value Add Opportunity
3 Building Portfolio for Sale. New Roofs and RTU’s in 2020. Legacy Tenants. 96% Occupied.
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.
2 Available Spaces for Lease:
3717-D 1,500 SF
3717-C 1,125 SF
Reduced Sale Price: $3,200,000
NOI: $316,000
CAP Rate: 9.88%
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 : $3,200,000
CAP Rate : 9.88%
NOI : $316,000
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
