Single-Tenant State Government Service Agency Investment
| Single Tenant | 8.94% CAP | 105,324 SqFt |
Marketing description
Offered by Bradford Allen (Broker of Record in Illinois) in cooperation with LevRose Commercial Real Estate* is pleased to
present the exclusive opportunity to acquire a 100% leased, single-tenant ±105,324 SF office building in Springfield, Illinois.
Located at 2200 Churchill Road, Springfield, IL 62702, the property is leased to the Department of Central Management
Services (CMS), a long-term state agency tenant that has occupied the premises since 2014. The asset is offered
at $12,000,000, representing an 8.94% capitalization rate, with a new 5-year lease in place.
The property features block construction, ±450 parking spaces, and pedestrian walkways connecting all three buildings,
making it an ideal facility for large-scale government or corporate users. Recent façade repairs and fresh exterior
paint further enhance the building’s appeal.
Conveniently located just 7 minutes from Downtown Springfield and 13 minutes from Interstates 72 and 55, the asset benefits
from excellent accessibility and proximity to major state operations. The lease includes annual rent escalations of 1.5%,
generating $1,648,320.60 of net rent in Year 1, offering investors a high-yield and stable return backed by a strong credit
tenant.
*Referring broker - licensed in Arizona
Investment highlights
Sale Price: $12,000,000
Cap Rate: 8.94%
Leased to Department of Central Management Services
Recent Five (5) year Lease Extension to show tenant’s commitment to site
Tenant has been on site since 2014
±450 parking spaces
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