1475 B&H Industrial Ct - Manufacturing FOR SALE


Millstadt, IL 62260
$1,605,044 USD
314-409-7283
1475 B&H Industrial Ct, Millstadt, IL for Sale
$1,605,044 USD
Manufacturing - FOR SALE
1/6
null | 8.82% Cap Rate

1475 B&H Industrial Ct
Millstadt, IL 62260


HIGHLIGHTS

  • Anchored by Minova Inc., a global mining solutions firm with $274M in revenue
  • Recent lease extensions with structured biennial rent increases
  • Includes 1.9-acre rocked drop lot with income potential
  • Renovated in 2018 with galvanized steel roofing
  • Located near IL Routes 158, 163, and 15 for strong regional access

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,605,044 USD

PRICE/SF

$54 USD /SF

CAP RATE

8.82%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Industrial Investment

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

3

DRIVE INS

2

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.4

LAND SF

104,544

ZONING

Industrial

APN/PARCEL ID

12-10.0-323-063

ASK ABOUT THIS PROPERTY

Steve ZuberBarberMurphy GroupMore Info
314-409-7283

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Steve ZuberBarberMurphy GroupMore Info
314-409-7283

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