1204-1254 Independence Ct - Industrial FOR SALE


Washington, IL 61571
$1,885,000 USD
309-323-0399
1204-1254 Independence Ct, Washington, IL for Sale
$1,885,000 USD
Industrial - FOR SALE
1/23
null | Request Cap Rate

1204-1254 Independence Ct
Washington, IL 61571


HIGHLIGHTS

  • 18 Contractor/Industrial Bay Units
  • Units Contain Gas Warehouse Heater, Individual Electric Panel, and Plumbing Rough-Ins
  • Large Shared Parking Lot with Large Truck Accessible Entrance

OVERVIEW

Excellent industrial investment available in Washington, IL. These Twin Industrial Buildings with Office End Cap Units total 33,120 SF with 32,720 leasable (400 SF is common platforms/foyers, stairwells in one end cap office building). Each of the 18 contractor/industrial bay units are 1,440 SF (12,960 SF Industrial Warehouse total, 7,200 office) and have a gas warehouse heater, individual electric panel and plumbing rough-ins - currently about 75% are outfitted by tenants with restrooms or utility sinks. Large shared parking lot with large truck accessible entrance. Combined leased units usually have a knockout for access between units. 30,920 SF Leased (94.5% of leasable SF) - rent roll available. All leases are modified gross - gross + utilities. Tenants pay Ameren (gas/electric) and owners pay water/sewer (Municipal Washington utilities - water/sewer are not individually metered). Trash is on tenants and many share a few dumpsters on the property. The vacant 1,800 SF is the second floor of the office end cap of the north building. This is a ready to rent office space (not ADA compliant - no elevator/lift) that was formerly utilized by the owners.

FOR SALE DETAILS

PRICE

$1,885,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1204-1254 Independence Ct

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.15

LAND SF

93,654

ZONING

C-3

APN/PARCEL ID

02-02-15-100-020

ASK ABOUT THIS PROPERTY

Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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

Justin BallRE/MAX Traders Unlimited CommercialMore Info
309-323-0399

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