1503 W Front St - Warehouse FOR SALE


Roanoke, IL 61561
$3,469,964 USD
203-253-9455
1503 W Front St, Roanoke, IL for Sale
$3,469,964 USD
Warehouse - FOR SALE
1/3
null | 7.5% Cap Rate

1503 W Front St
Roanoke, IL 61561


HIGHLIGHTS

  • Strong Corporate Guarantee
  • Brand New, 20-Year Sale-Leaseback
  • Attractive Rental Increases
  • Mission Critical Facility

OVERVIEW

Surmount is pleased to present the exclusive listing for a Basin Industries property located at 1503 West Front Street, Roanoke, IL 61561. The site consists of roughly 37,717 rentable square feet of building space on an estimated 9.85-acre parcel of land. Basin Industries is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $260,247 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$3,469,964 USD

PRICE/SF

$97 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Basin Industries

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.85

LAND SF

429,066

ZONING

C-2

APN/PARCEL ID

10-21-200-015,10-21-200-016

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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