Listed by RE/MAX Millennium
$2,944,000
Truck Repair shop for Sale 20604 Burl Ct Joliet
Details
APN 1508183020050000
Property Type Industrial
Sub Type Warehouse
Square Footage 5,500
Net Rentable (SqFt) 5,500
Cap Rate 6.75%
NOI $198,720
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 07/01/2030
Remaining Term 4
Rent Bumps Yes
Lease Options 2
Year Built 1985
Year Renovated 2025
Buildings 1
Stories 1
Acreage 1.400
Zoning I
Investment Type Stabilized
Lease Commencement 06/30/2025
Ground Lease No
Ceiling Height 24
Dock High Doors 3
Industrial | 6.75% CAP | 5,500 SqFt
Marketing description
NOI: $198,720
6.75% Cap Rate
5-Year NNN Lease
3.5% Annual Rent Escalations (17.5% Total During Initial Term)
Owner Financing Available
Property Features:
5,500 SF Warehouse
1,000 SF Office
Two 14' Drive-In Doors (Drive-Through Configuration)
18' Clear Height
200 Amp / 240V / 3-Phase Power
Industrial Yard
Investment highlights
NOI: $198,720
6.75% Cap Rate
5-Year NNN Lease
3.5% Annual Rent Escalations (17.5% Total During Initial Term)
Owner Financing Available
Property Features:
5,500 SF Warehouse
1,000 SF Office
Two 14' Drive-In Doors (Drive-Through Configuration)
18' Clear Height
200 Amp / 240V / 3-Phase Power
Industrial Yard
Listing Contacts
Listed by RE/MAX Millennium
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$198,720.00
$16,560.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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