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618-277-4400

Multi-Tenant Industrial Investment

$1,750,000

Listing Resources

Listing Description

Multi-Tenant Industrial Investment opportunity with recent lease extensions in place.

Major tenant occupying 25,800 SF of the 40,800 SF complex is Minova, a mining related company based in Georgetown with 722 employees an estimated revenue of $274.4M. Minova was started more than 40 years ago, as a global manufacturer and supplier of chemical and mechanical earth control products, adhesives and support equipment. Minova has manufacturing plants on five continents and operations in more than 25 countries. Minova is an industry-leading provider of grounds support solutions for the underground mining, construction, tunneling and civil engineering industries. Minova is wholly owned by Orica Limited.

Located within the Millstadt Industrial Park. Less than a mile from IL Rte 158, IL Rte 163, & 5 miles to IL Rte 15.

Sale Price: $1,750,000
See attached Property Brochure for Income and Expenses

Listing Details

Listing No : 2173
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial
Sale Price : $1,750,000
Sale Price Per Sqft : $58.33
CAP Rate : 8.82%
NOI : $154,416
Parcel No : 12-10.0-323-063
Zoning : Industrial
Zoning By : City of Millstadt
TIF : Yes
Survey : Yes
Environmental : Yes

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