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618-277-4400

Multi-Tenant Industrial Investment

$1,605,044

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: $1,605,044
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 : $1,605,044
Sale Price Per Sqft : $53.50
CAP Rate : 8.82%
NOI : $141,564
Building Total Sqft : 30,000 Sqft
Office : 2,792 Sqft
Warehouse : 27,208 Sqft
Truck Dock : 4
Truck Dock Size : 12'x12'
Drive-In Doors : 7
Drive-In Door Size : (6)12'x12' (1)12'x14'
Insulated : Yes
Men's Restroom : Yes
Women's Restroom : Yes
Parcel No : 12-10.0-323-063
Zoning : Industrial
Zoning By : City of Millstadt
Prior Use : Warehouse
TIF : Yes
Survey : Yes
Environmental : Yes
Parking : 20
Parking Surface Type : Gravel
Tax Year : 2024
Year Built : 1984
Rehab Year : 2018
Clearance Min : 14 ft
Clearance Max : 20 ft
Roof : Metal, Galvanized Steel
Exterior : Metal and Wood Frame
Floor Type : Reinforced Concrete
Floor Thickness : 6"
Acres : 2.90 Acre(s)
Frontage : 360 ft
Depth : 345 ft
Water Provider : Millstadt
Water Provider Location : On Site
Sewer Provider : City Of Millstadt
Sewer Provider Location : On Site
Gas Provider : Ameren IL
Gas Provider Location : On Site
Electric Provider : Ameren IL
Electric Provider Location : On Site
AMPS : 600
Phase : 3
Low Volts : 240
High Volts : 480
Interstate : 15 Miles to I-255

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