Industrial Investment - Single Tenant - NNN Lease
$6,400,000
Listing Resources
Listing Description
Industrial Investment Opportunity – Single Tenant – NNN Lease
104,000 SF heavy Industrial building. High quality credit tenant, Illinois Electric Works, recently signed a 5 year lease with two 5-year options.
Business has been operating since 1931. Building is in great condition. Bridge cranes and solar panels are considered tenants property. The roof sections with rock ballast have been redone with adhered rubber roofing in November of 2022.
Sale Price: $6,400,000
CAP Rate: 7.5%
Listing Details
Listing No : 2857
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial
Building Size (Sqft) : 104,000 Sqft
Lot Size (Acres) : 7.16 Acre(s)
Total Sqft Available : 104,000 Sqft
Sale Price : $6,400,000
Sale Price Per Sqft : $64
CAP Rate : 7.50%
Truck Dock : 3
Dock Levelers : Yes
Drive-In Doors : 11
Overhead Cranes : Yes
Heating : Central, Office & Warehouse are Temperature contro
Cooling : Central, Office & Warehouse are Temperature contro
Sprinklers : Wet Pipe System
Lighting : LED
Men's Restroom : Yes
Women's Restroom : Yes
Compressed Air : Yes
Parcel No : 22-2-19-13-20-401-003 & 22-2-19-13-16-005.001
Zoning : M-2- Light Industrial Manufacturing
Complex : Good
Prior Use : Manufacturing
Environmental : Yes
Parking : 78
Parking Surface Type : Exposed, Secured Concrete
Property Tax : $47,809
Tax Year : 2022
Topography : Flat
Year Built : 1970
Rehab Year : 2019
Clearance Max : 16.50 ft
Bay Spacing : Varies
Roof : Metal
Exterior : Metal/Mixed
Floors : 1
Floor Type : Reinforced Concrete
Floor Thickness : 6'-12'
Acres : 7.16 Acre(s)
Frontage : 590 ft
Depth : 548 ft
Water Provider : Illinois American Water
Water Provider Location : On-Site
Sewer Provider : City Served
Sewer Provider Location : On-Site
Gas Provider : Ameren Illinois
Gas Provider Location : On-Site
Electric Provider : Ameren Illinois
Electric Provider Location : On-Site
AMPS : 600
Phase : 3
High Volts : 400
Interstate : 5 miles to I-270/55/70
Rail : Kansas City Southern, Norfolk Southern
Gross Rental Income : $480,000
-
Steve
Zuber - CCIM, SIOR
- Office: 618-277-4400 Ext. 13
- Mobile: 314-409-7283
- steve@barbermurphy.com
-
Carter
Marteeny - CCIM
- Office: 618-277-4400 Ext. 41
- Mobile: 618-304-3917
- carterm@barbermurphy.com