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618-277-4400

Industrial Investment Property

$875,000

Listing Resources

Listing Description

Industrial Investment

16,800 SF Office/Warehouse Investment Property. Tenant has occupied the building for 15+ years and recently resigned another 5 years. Building is located 2 miles from the I-64/I-57 Interchange. Net Lease, Owner Pays Taxes.

Sale Price: $875,000
NOI: $86,556
CAP Rate: 9.89%

Listing Details

Settings
Listing No : 2407
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial
Building Size (Sqft) : 16,800 Sqft
Lot Size (Acres) : 4.56 Acre(s)
Sale Price : $875,000
CAP Rate : 9.89%
NOI : $86,556
Parcel No : 06-27-276-010
Zoning : General Industrial
Zoning By : City of Mt. Vernon
Property Tax : $10,944
Tax Year : 2019
Year Built : 1998
Rehab Year : 2018
Roof : Metal
Exterior : Metal
Floors : 2
Gross Rental Income : $105,000
CAM : $7,500

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