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618-277-4400

Industrial Complex Investment Property

$1,900,000

Listing Resources

Listing Description

Industrial Complex Investment for Sale. 10.5 Acre Industrial Site with 12 Additional Acres of Farm Ground. Multiple Buildings totaling 61,415 SF.
Complex currently only has 1 Space Vacant, which was currently vacated – Space is being listed for Lease at $4.00 Modified Gross.

Sale Price: $1,900,000
NOI: $83,094

Listing Details

Settings
Listing No : 989
Sale Or Lease : For Sale
Property Type(s) : Investment, Industrial
Building Size (Sqft) : 61,415 Sqft
Lot Size (Acres) : 10.50 Acre(s)
Sale Price : $1,900,000
Sale Price Per Sqft : $30.90
CAP Rate : 4.37%
GRM : 22.86
NOI : $83,094
Heating : Varies per Bldg
Cooling : Varies per Bldg
Yard : Gravel
Extra Land : 12 Acres Farm Ground
Property Tax : $18,663.40
Tax Year : 2017
Year Built : 1970
Rehab Year : 2015
Roof : Metal
Gross Rental Income : $108,600
Insurance : $6,843

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