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618-277-4400

Investment Opportunity: 5,220 SF Office Building | Long-Term NN Lease

$455,000

Listing Resources

Listing Description

Investment Opportunity

5,220 SF Office Building with Long-Term Tenant. 25+ year lease –  State of IL Department of Health & Human Services. Federal funding in place. 

One mile from St. Clair County Courthouse seat. 

Sale Price: $455,000
NOI: $37,296
Cap Rate: 8.38%

Listing Details

Settings
Listing No : 2709
Sale Or Lease : For Sale
Property Type(s) : Investment, Office, Office - General Office
Building Size (Sqft) : 5,220 Sqft
Lot Size (Acres) : 0.52 Acre(s)
Total Sqft Available : 5,220 Sqft
Sale Price : $455,000
Sale Price Per Sqft : $85.24
CAP Rate : 8.38%
NOI : $37,296.20
Building Total Sqft : 5,220 Sqft
Office : 5,220 Sqft
Min Divisible Sqft : 5,220 Sqft
Max Contiguous Sqft : 5,220 Sqft
Parcel No : 08-27-0-102-009
Property Tax : $9,466.80
Tax Year : 2022
Year Built : 1967
Floors : 1
Acres : 0.52 Acre(s)
Gross Rental Income : $51,540
Insurance : $2,200
CAM : $2,577

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