Investment Opportunity: 5,220 SF Office Building | Long-Term NN Lease
$435,000
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.
Reduced Sale Price: $435,000
NOI: $37,296
Cap Rate: 8.57%
Listing Details
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 : $435,000
Sale Price Per Sqft : $85.24
CAP Rate : 8.57%
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
-
Steve
Zuber - CCIM, SIOR
- Office: 618-277-4400 Ext. 13
- Mobile: 314-409-7283
- steve@barbermurphy.com
-
James
Leopold - CCIM, SIOR
- Office: 618-277-4400 Ext. 19
- Mobile: 618-581-1702
- jamesl@barbermurphy.com