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618-277-4400

Single Tenant NNN Investment Property

$12,950,000

Listing Resources

Listing Description

93,078 SF single tenant absolute NNN investment property. The first phase of the building was constructed in 2023 with a steel frame and metal skin. The second phase of construction was completed in 2024. The facility has 8 docks and (3) 12’x14′ drive-in doors. The property has heavy power with 480V, 3ph, 1,200 amp electrical service. The lighting is all LED lighting with motion sensors. The entire building is protected with ESFR sprinklers. The entire plant is air conditioned with (9) Rheem air handling units. There are two complete air compressor circuits serving the two different sections of the plant. Each circuit has an air compressor with a dryer, receiving tank and compressed airlines throughout the plant. These items will remain with the building and are not considered tenant’s property. Tenant is responsible for all upkeep and maintenance of the equipment.

The property is located in Salem, IL. Salem is a city in South Central Illinois off of I-57 with a population of 7,000. Salem is the county seat for Marion County. It has a strong industrial manufacturing base with 17 manufacturing companies calling Salem home. The plant is 1/2 a mile from the interstate.

Sale Price: $12,950,000

Listing Details

Listing No : 3037
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial
Building Size (Sqft) : 93,078 Sqft
Sale Price : $12,950,000
Sale Price Per Sqft : $139.13
CAP Rate : 6.10%
NOI : $790,000
Building Total Sqft : 93,078 Sqft
Office : 3,078 Sqft
Warehouse : 90,000 Sqft
Heating : Throughout
Cooling : Throughout
Insulated : Yes
Sprinklers : ESFR
Lighting : LED
Men's Restroom : Yes
Women's Restroom : Yes
Ventilation : Yes
Compressed Air : Yes
Parcel No : 11-09-300-029
Zoning : Industrial
TIF : Yes
Enterprise Zone : Yes
Parking : 241
Parking Surface Type : Concrete
Year Built : 2023
Clearance Min : 21 ft
Clearance Max : 28 ft
Bay Spacing : 25'x47'.9"
Exterior : Steel
Floor Type : Reinforced Concrete
Floor Thickness : 6"
Acres : 11.24 Acre(s)
Frontage : 638 ft
Depth : 767 ft
Water Provider : City of Salem
Sewer Provider : City of Salem
Gas Provider : City of Salem
Electric Provider : Tri-County Electric
AMPS : 5600
Phase : 3
Low Volts : 240
High Volts : 480
Interstate : I-57 (0.50 miles)

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