103 Centre Dr - Office FOR SALE


Petersburg, IL 62675
$1,095,000 USD
217-547-6650
103 Centre Dr, Petersburg, IL for Sale
$1,095,000 USD
Office - FOR SALE
1/21
null | 8.65% Cap Rate

103 Centre Dr
Petersburg, IL 62675


HIGHLIGHTS

  • Investment Grade GSA Tenant
  • Early 5-Year Lease Extension
  • Build-to-Suit Government Facility (2016)
  • Rental Rate Increase in New Term
  • No Landlord Improvements Required for Extension
  • County Seat Location (Springfield, IL MSA)

OVERVIEW

Coldwell Banker Commercial Devonshire Realty (CBCDR) is pleased to present a single-tenant investment property leased to the United States Department of Agriculture (USDA) in Petersburg, IL. Constructed as a build-to-suit facility for the USDA in 2016, the property has been continuously occupied by the agency since completion. The USDA has executed an early five-year lease extension in March 2026, commencing March 1, 2027. The extension includes a rental rate increase, partial reimbursement of landlord expenses, and requires no landlord-funded improvements or modifications. The building features an efficient layout, including a vestibule, open office area with workstations, three private offices, a conference room, break room, dedicated server/IT room, and two ADA-compliant restrooms.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$329 USD /SF

CAP RATE

8.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single-Tenant USDA Investment Property

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

R-1

APN/PARCEL ID

12-18-103-012-0000

ASK ABOUT THIS PROPERTY

Blake Pryor, CCIMColdwell Banker Commercial Devonshire RealtyMore Info
217-547-6650

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Blake Pryor, CCIMColdwell Banker Commercial Devonshire RealtyMore Info
217-547-6650

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.