Seller is motivated
DWG Capital Group, as the exclusive advisor, is pleased to present an exceptional opportunity to acquire The Sterling Landmark—a premier industrial value-add asset located at 301 W 3rd St, Sterling, IL. This expansive property combines strong income-generating potential with substantial upside, situated in a region with robust industrial fundamentals. 301 W 3rd St, Sterling, IL presents a very attractive investment opportunity and ideal for immediate repositioning and profit, please get us your highest and best.
Investment Highlights
Offering Price: $11,975,000 ($24.59/SF)—positioned 67% below recent area comparable sales. (GET US YOUR HIGHEST AND BEST)
Projected Stabilized Net Operating Income (NOI): $1,830,000
Cap Rate (NNN Basis): 7.75%-8%
Adjusted Bank Value (NNN Analysis): $23,612,903, highlighting significant value creation potential.
Strategic Location: Pro-business area with access to major MSAs including Chicago, Quad Cities, Rockford, Milwaukee, and Kansas City.
Property Overview
Building Size: ±486,952 SF on ±7.16 acres
Versatile Use Potential: Ideal for manufacturing, warehousing, distribution, and other high-value industrial applications.
Infrastructure: 18 external dock doors, 3 drive-ins, with extensive power and sprinkler systems for high-capacity operations.
Capital Improvements: Over $3.1M in recent upgrades, including a new 20-year warranty roof.
Pro Forma Analysis
With a projected stabilized NOI of $1,830,000 at a 7.75% cap rate, the asset's adjusted bank valuation is estimated at $23,612,903, providing a compelling value-add proposition. Potential pro forma exit values range between $20M–$23M, equating to approximately $41 to $47 per square foot (PSF). This pricing offers substantial upside and attractive IRR potential for investors.
This is a rare opportunity to acquire a sizable, strategically located industrial asset with VERY favorable acquisition pricing, significant value-add potential, and robust pro forma returns.
We welcome the opportunity to discuss this exclusive offering and explore how it aligns with your investment strategy.
Warm Regards,
Judd Dunning License #01520854
Principal | Broker
DWG Capital Group (formerly Newmark WLA)
310.261.8428 | jdunning@dwg-re.com